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St. Mary—s County commissioners agree to 5% annual impact-fee escalator, raise first-time-buyer exemption to $50,000
Summary
At a Feb. 14 budget work session, St. Mary—s County financial staff and commissioners reached consensus to adopt a 5% annual increase to impact fees and raise the first-time homebuyer exemption to $50,000, with staff directed to prepare an ordinance and schedule a public hearing in April.
St. Mary—s County financial staff and commissioners reached consensus Feb. 14 to increase the county—s development impact fees by 5 percent this year and to raise the first-time homebuyer tax-exemption to $50,000, County Financial Officer Jeanette Sparling said.
The board directed staff to draft the required ordinance and place it on the public hearing calendar in April, a step Sparling said is necessary to implement changes to the county—s existing impact-fee and exemption rules (the county—s current ordinance dates from 2000). Commissioners discussed using a modest annual escalator going forward rather than a single, large jump to bring fees…
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