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St. Mary's commissioners opt to use 4% income-tax growth assumption to narrow FY2016 deficit
Summary
Commissioners agreed to use a 4 percent income-tax growth assumption for FY2016 revenue projections, reducing the projected budget deficit by roughly $2.8 million compared with a 3 percent assumption; the decision was presented as a consensus direction to staff rather than a formal roll-call vote.
St. Mary's County commissioners on March 17 agreed to instruct staff to revise the county's FY2016 income-tax revenue estimate from a 3 percent growth assumption to 4 percent, a change officials said would reduce the projected operating deficit by roughly $2.8 million.
Commissioner Hewitt (last name used in the transcript) urged the higher estimate, citing an 11-year trend of conservative budgeting that typically understates revenues. “I think…
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