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Council hears introduction of FY2027 budget ordinance; tax rates unchanged
Summary
Staff introduced the proposed FY2027 budget ordinance covering 07/01/2026–06/30/2027, proposing no change to the real property rate (26.2¢ per $100) or tangible personal property rate (53¢ per $100); public hearing set for April 6, record open through April 22.
City staff introduced the fiscal year 2027 budget ordinance at the March 16 meeting and outlined the public process leading up to final adoption.
Janice Hartman presented the ordinance that would adopt the budget and levy ad valorem taxes for the period July 1, 2026, through June 30, 2027. Hartman said the proposed rates remain the same as the current year: 26.2 cents per $100 of assessed value for real property and 53 cents per $100 for tangible personal property. Because the rates do not increase, Hartman said the Maryland Department of Assessments and Taxation does not require a separate advertisement or additional public hearing for the tax rate.
Staff outlined the schedule: advertisement in the Washington Post on March 19, online budget book publication on March 27, a public hearing on April 6, a budget work session on April 13, the record open for public comment through April 22 at 5 p.m., and anticipated final adoption on May 4.
Hartman said that if changes are made between the ordinance introduction and the published budget workbook, staff will highlight those differences at the public hearing. Residents were encouraged to review the online materials when published and to participate in the public hearing on April 6.
