Maintenance of Effort

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.   

Read more
News
8:43 am
Wed April 18, 2012

Wicomico County Faces Budget Shortfall

 

           The Wicomico County Council voted yesterday unanimously to hike the local income tax rate from 3.1 percent to 3.2 percent the maximum allowed by law.

            But, the legislative body put its budget on hold for the next two weeks after the County Council was told that there would be a $14 million spending mandate from the state.

            The Salisbury Daily Times reports the County’s top financial officer told the Council that this was double what they had anticipated from Annapolis for funding the Maintenance of Effort for the public schools.

Read more
News
9:50 am
Thu March 29, 2012

Wicomico County Could Get Break on State Education Spending Requirements

 

           A potential $14.4 million hit to the Wicomico County budget may be reduced to $6.7 million with a new amendment.

            Legislation in Annapolis was set to increase the Maintenance of Effort spending requirement for education for the County from $36.4 million to $50.8 million.

            That local officials said would have required the county to either dramatically increase taxes or sharply cut core services. 

Read more