Tue June 5, 2012
Somerset County Spending Plan Has No Fee or Tax Hikes
Somerset County Commissioners are set to adopt a $35.9 million spending plan that keeps the property tax rate at 88.37 cents per $100 of assessed property value.
Property taxes make up the largest portion of revenues to the county at 39 percent of the budget.
The Salisbury Daily Times reports that the spending plan also includes $480-thousand to cover teacher retirements for the first time.
But that amount has been offset by an increase in the State disparity grant to the county which will rise from $4.9 million this year to $5.2 million next year.
The budget also has the same amount for the school system at $8.6 million.