Wed October 2, 2013
Wicomico County Revenue Cap Should Be Changed, Study says
Director of Administration Wayne Strausburg told the Wicomico County Council last night that a new study recommends changing the revenue cap on property the property tax.
The Sage Group study suggests that it switch from using the consumer price index to an index that measures components of government spending.
The Salisbury Daily Times reports that Strausburg believes the revenue cap as it is currently use is flawed and should be changed through a public vote.
In short, the study found that Wicomico County has ”exhausted much of its capacity to raise revenues through taxes.”
In addition, the study recommended expanding the economic base.
The County Council has already adopt the recommendation to phase-out the inventory tax on businesses over five years and is working with the Salisbury-Wicomico Economic Development Office to boost growth in the region.