The annual cycle of property reassessments will yield disappointing news for county revenues -- as nearly every jurisdiction will see a drop in assessments for residential property in this assessment cycle. From the Baltimore Sun coverage: Nearly all Maryland homeowners due to receive new property assessment notices being mailed today will see a lower assessed value on their houses, reflecting what officials say is the largest decline in the state assessment office's history. n On…

In the continuing saga of Maryland counties digesting state budget cuts and disappointing tax revenues, Carroll County has announced a substantial round of employee reductions. Carroll County is letting go of 18 employees and leaving 44 vacant positions unfilled. According to the Carroll CountyTimes coverage: The move is expected to save the county an estimated $3 million annually. According to the county, layoffs, attrition and retirement have reduced its work force by 12 percent since…

Today, the Office of the Comptroller released its detail of the November distributions of county income taxes.  According to the electronic message, "The November distribution of county income tax revenues totals $861.2 million, a decline of 28.3% [compared to last year's November distribution]." The November distribution is historically subject to some variation, as this amount includes not only the latest segment of ongoing receipts from withholding and similar sources, but also reconciles amounts from the…