budget

News
8:17 am
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.

News
8:47 am
Mon June 4, 2012

Wicomico County Council Takes Budget Hearings on the Road

 

The Wicomico County Council will make its annual trek outside its usual chambers to get public input on the local government’s budget.

Council President Joe Holloway told the Salisbury Daily Times that he expected a strong presence from the Board of Education and local residents.

In years past the public hearing has lasted hours with many coming up to the microphones to voice their concerns.

Last year the meeting drew 75 people with a contentious debate over the proposed 5-cent increase in property tax rate.

News
9:13 am
Wed May 23, 2012

Ocean City Lowers Property Tax Rate in New Budget

Ocean City’s 2013 fiscal budget that lowers the property tax rate by a penny and dips into the resort’s reserve funds to make up the difference got a slim majority of the Town Council.

Council members Jim Hall, Joe Hall, Brent Ashley and Margaret Pillas cast their votes for the spending plan that includes A 45.85 cent tax rate on $100 of assessed property value.

Council members Lloyd Martin, Doug Cymek and Mary Knight opposed the budget saying they did not want to take the $860-thousand from the reserve fund.

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News
9:07 am
Mon April 30, 2012

Wicomico County Takes Up Budget

 

The Wicomico County Council is set to take up the 2013 fiscal year budget on Tuesday night after a two week delay.

Among the cuts the County  liability for pensions that should produce a $767,000 savings.

The County Executive was given a delay in presenting the budget to assess the impact of the state’s budget problems.   

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News
11:30 am
Fri April 13, 2012

O'Malley Accepts Some Blame for Budget Impasse

 

      ANNAPOLIS, Md. (AP) - Gov. Martin O'Malley says he accepts part of the blame for the breakdown that led to $512 million in cuts instead of new tax revenues and alternative savings in state spending.

     O'Malley, who spoke on WTOP Thursday, said "we all hold blame," referring to himself and Senate President Thomas V. Mike Miller and House Speaker Michael Busch.

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News
12:09 pm
Mon March 26, 2012

Virginia Lawmakers Face Abortion Issue in Budget Debate

 

       RICHMOND, Va. (AP) - The Virginia Senate reconvenes Monday with expectations running high that it will finally pass a version of the state budget.

     The sticking point will be an amendment to be offered by Senate Democrats that would require insurance companies to pay for pre-abortion ultrasounds that will be mandatory under a Republican-backed law passed this year.

     The state would also pay the ultrasound costs for uninsured women.

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News
7:43 am
Thu March 22, 2012

Maryland House of Delegates Takes Up State Budget

 

     ANNAPOLIS, Md. (AP) - The House of Delegates will be working on the state's $35.9 billion budget.

     The House has scheduled two sessions for Thursday, as it considers amendments to a package of budget measures.

     One includes a scaled-back version of an income tax increase already approved by the state Senate.

     Another budget measure would phase in a split of teacher pension costs with the counties in three years, instead of four.

News
12:47 pm
Mon February 13, 2012

Salisbury City Council to Discuss Budget Amendments

 

During tonight’s City Council meeting, a number of departments will be asking for money.

              The Salisbury Police Department is requesting appropriation of $21,000 to pay for emergency repairs to a police tower on Marine Road that was damaged by a lightning strike on Aug. 2, as well as budget amendment to transfer $1,400 earned through their ammunition recycling program from the General Fund into the Fire Department budget.

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