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Allegany County staff outline budget impacts from proposed state changes, seek clarification on disparity-grant cap
Summary
County staff told commissioners that recent state budget proposals — a smaller-than-expected increase in the standard deduction, a teacher-pension funding change and a possible elimination of a 2010 disparity-grant cap — could materially affect local revenues and open options for adjusting local tax structure if clarified.
County staff updated the Allegany County Commissioners on state-level budget proposals that could change county revenue projections and on a technical cap that may restrict the county—s ability to shift taxes.
The most immediate item staff described was a change in the state budget language on the personal standard deduction. County staff said a previously proposed doubling of the deduction, which the county estimated would have reduced local revenue by about $3.2 million, appears in the current draft as a 20% increase. Using preliminary calculations, staff estimated that a 20% increase would lower county revenue by about $640,000 instead of $3.2 million, but cautioned the Senate had not completed…
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