Md. Cutting County Disparity Grants; Garrett To Fare Better Than Others
Jan. 21, 2010
With the fiscal year 2011 budget draft process under way, Garrett County Financial Services director Wendy Yoder is keeping an even closer eye on state reductions. She reviewed the most recent cut for the county commissioners during a departmental update report on Tuesday.
Just last week, Yoder received notification that state disparity grants will be reduced "across the board" in FY 2011. Grants are given to counties that do not meet at least 75 percent of the statewide average of local income tax revenues. Grant funding, however, is partly based on the state's capital gains and investments income.
In FY 2010, revenue is down almost $200 million from the previous year. As a result, the eight counties that traditionally receive disparity grants will have their allocations reduced. Garrett County is among them.
But Yoder said Garrett is lucky compared to most counties, especially Prince George's, which is facing an 84 percent decrease.
(more from Republican article)
Support the Republican Newspaper! Buy an online membership! It's only $9.95 a year!
If you are thinking of buying or selling real estate in Garrett County or Deep Creek Lake, Maryland, call Jay Ferguson of Long & Foster Real Estate for all of your real estate needs! 877-563-5350
Posts
No comments:
Post a Comment