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St. Mary’s County keeps constant-yield property tax rate after 3–2 vote
Summary
The St. Mary’s County Board of Commissioners voted 3–2 on May 2 to maintain the county's current constant-yield property tax rate rather than reduce it, after a lengthy discussion about long-term fiscal impacts and borrowing needs for capital projects.
The St. Mary's County Board of Commissioners voted 3'to'3 on May 2 to keep the county's current constant-yield property tax rate, rejecting a proposal to reduce it.
Commissioners debated the long-term effects of lowering the constant-yield rate, with proponents of keeping the rate arguing that small annual cuts compound and reduce revenue available for capital needs such as roads, public safety and school facilities. Commissioner Todd Morgan presented a multi-year illustration showing how repeated reductions would cumulatively lower county revenue by several million dollars over time and complicate…
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