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Council weighs cutting Invest Hagerstown funding as program leaders say they could 'weather a year'
Summary
Councilors considered a proposal to cut $500,000 from Invest Hagerstown’s budget; Invest Hagerstown and staff said the program could absorb a one‑year reduction but warned of long‑term impacts on homeownership grants and redevelopment efforts.
HAGERSTOWN, Md. — Councilors discussed a proposal to reduce the Invest Hagerstown allocation by $500,000 as part of efforts to lower the proposed tax increase. Invest Hagerstown staff and program supporters told the council the program has a fund balance and could absorb a one‑year reduction, but cautioned that sustained cuts would reduce grant activity and slow homeownership gains.
Invest Hagerstown staff described the program as supporting multiple activities including a homeownership grant program and redevelopment grants. Staff noted the program’s recent pace: they reported unusually high demand for homeowner assistance in the current year and said…
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