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Takoma Park manager outlines FY2027 budget; tax rate proposed to remain unchanged
Summary
City Manager presented a $40.6 million FY2027 proposal that keeps the tax rate at 0.5522 per $100 assessed value, proposes a $4.8 million CIP, uses remaining ARPA funds through 2026, and includes housing and climate investments; council scheduled follow-up hearings and reconciliation sessions.
City Manager Desperto presented the Takoma Park proposed fiscal year 2027 budget, describing a $40.6 million total operating proposal and a $4.8 million capital improvement program while proposing to hold the municipal property tax rate steady at $0.5522 per $100 of assessed value.
Desperto told the council that the FY2027 budget proposal maintains the current tax rate to minimize burdens on fixed-income residents while balancing service needs. The recommended budget would allocate roughly $32.9 million to the general fund, continue a long-standing policy of maintaining an unassigned reserve in excess of 17 percent, and propose an additional assigned reserve to help collateralize new automated-enforcement program…
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