Sunday, February 25, 2007

Tax Talk in Anne Arundel

This week there was quite a bit of tax-related talk in the County. Early on, Executive Leopold announced his effort to cut taxes for senior citizens. Leopold's bill, which would provide an average $30 property tax credit to low-income individuals, over 70, who have lived in their homes for at least 10 years would cost the County about $75,000 annually.

On the other end of things, Executive Leopold proposed to raise the taxes on car rentals in the County. The Executive and full Council are seeking authority from the State to have the option to levy the tax, which is projected could raise "several million dollars" a year. Reception within the County delegation has been mixed.

All of this gains increasing relevance given that the School Board has asked for a $133 million (17%) budget increase.

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