Baker Proposes Tax Increases for Education
Prince George’s County Executive Rushern Baker has announced $133 million in proposed tax and revenue increases as part of his FY 2016 budget, with most of the new funds dedicated to education and public safety programs. The proposal would increase the County real property tax rate by 15 cents per $100 of assessment for the tax year beginning July 1, 2015. The County business personal property tax rate would increase by 38 cents.
County Executive Baker emphasized the importance of providing the level of funding necessary to improve all County schools. “The most sought after counties… are the ones that are safe and have the best education systems” said Baker.
Although the Prince George’s County property tax rate has been capped under the TRIM charter amendment since 1979, state legislation enacted in 2012 allows counties to exceed charter property tax caps if all of the additional proceeds are dedicated to fund the local board of education. In FY 2013, Talbot County became the first of the five counties with charter tax caps to exercise this authority.
The cost of certain permits will also be increased to help fund six new positions in the Department of Permitting, Inspections and Enforcement. Otherwise, County employees will be sharing the budget pain, with 110 employee layoffs, five furlough days and no pay increases.