Talbot Proposal Overrides Property Tax Cap to Fund Education

 

As described by Talbot County, in the proposed Fiscal Year 2018 budget,

In order to fund expenses for the public school system, the Talbot County Council has proposed to override the voter imposed Property Tax Revenue Cap. This is authorized by State law in order to fund Education expenses only. This budget proposes to override the tax cap by $1,171,900, the increased amount over last year’s funding, which correlates to an increase of 1.59¢ in the Real Property Tax rate.

The county would still maintain two of the lowest tax rates (property and income) in the state, according to the budget presentation.

Screenshot 2017-05-18 16.03.01
Talbot County highlights it proposed property tax increase.

Here is a snapshot of the proposed budget:

Total General Fund Budget

  • $83.5 million, 5.18% increase from FY2017

Education Funding

  • Funds $1.1 million for education in non-recurring expenses in addition to the required maintenance of effort amount

Taxes

  • Proposes to override property tax revenue cap with an increase of 1.59 cents in the real property tax rate to fund education

Government Employee Salaries

  • Provides step increase for full time county employees

For more information, see:

FY 2018 Proposed Budget Summary

FY 2018 Budget Introduction PowerPoint

FY 20018 Proposed Budget Workbook