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Commissioners ask staff for analysis on homestead cap, energy tax and revenue changes as county revenue outlook shifts
Summary
Finance staff reported a $3 million improvement in revenue projection since December but flagged risks: rising military disabled exemptions, pending SDAT homestead cap decision, and the county’s energy tax. Commissioners directed staff to return detailed analyses on homestead cap adjustment options and the energy tax.
St. Mary’s County finance staff updated the Board of County Commissioners on revenue projections and tax‑policy options during the Feb. 25 work session and commissioners asked for additional analyses before March 15 state deadlines.
Veneta Van Cleave, the county CFO, said the county’s revenue projection increased by about $3 million since the December projection, largely because of higher penalty and interest receipts tied to prior income‑tax payments and revised interest projections. She cautioned that the federal budget outlook and possible grant funding changes create ongoing uncertainty for…
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