Council Questions Tax Cuts Proposed By Duncan
By Silver Springer • Apr 19th, 2006 • Category: UncategorizedThe Washington Post reports that the county council yesterday questioned a property tax proposal by county executive Doug Duncan to reduce the tax rate to 85 cents per $100 assessed value of a property, a 9.5 cent reduction in the tax rate. County budget analysis shows
a potential $800 million deficit within six years, Duncan’s team argues it would be more around $100 million.
Steven A. Silverman (D-At Large) has proposed instead a $468 per household one-time credit, arguing that it would help lower income residents. Marilyn Praisner (D-Eastern County) proposed a 5 cent tax rate cut and a one-time $211 credit to each household.
With the county hitting a high level of spending many are questioning the tax cut but others like Praisner argue that the county has a “perfect bond rating”.
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