Journalist @baltimoresun writer artist runner #amwriting Chaplain PIO #partylikeajournalist

Journalist @baltimoresun writer artist runner #amwriting Chaplain PIO #partylikeajournalist
Journalist @baltimoresun writer artist runner #amwriting Md Troopers Assoc #20 & Westminster Md Fire Dept Chaplain PIO #partylikeajournalist
Showing posts with label Westminster Finance Bud 1999 2005. Show all posts
Showing posts with label Westminster Finance Bud 1999 2005. Show all posts

Wednesday, May 15, 2002

20020514 Baltimore Sun: Westminster council OKs 03 budget

Westminster council OKs ’03 budget

The $21.9 million plan includes city's first tax increase in five years

May 14, 2002

The Westminster Common Council adopted last night a $21.9 million budget for fiscal 2003 that includes the city's first tax increase in five years - 4.8 cents - and $2.5 million for the long-awaited Longwell parking garage.

"When you take the [Longwell] garage out, there's been very little real growth in our budget, only $100,000 over last year's" budget, said Councilman L. Gregory Pecoraro, finance committee chairman.

The city's budget for the next fiscal year, which begins July 1, includes money for day-to-day operations, its building program and water and sewer funds. No changes were made in water and sewer rates.

4.8-cent tax increase

The property tax will increase 4.8 cents to 40 cents per $100 of assessed value.

That means the owner of a home with an assessed value of $125,000 will pay $500 in property taxes next year, instead of $440, officials said.

When work on the budget began in April, city officials faced a $2.1 million difference in spending and revenue. The council trimmed $1.6 million from the spending plan in a work session. The tax increase will generate about $500,000 in additional revenue, officials said.

The additional revenue will cover $300,000 in road repairs on Royer Road. About $75,000 is designated for new salting equipment, improvements to the tot lot at Kings Park and a new position in the Fire Department.

The budget calls for a 1 percent cost-of-living raise for city employees.

In addition, the city will reserve $125,000 for a pension enhancement plan for Westminster Police Department. The city and the 43-member police department have yet to agree on a plan.

Council President Damian L. Halstad said the council is on the verge of scrapping the existing plan and devising an alternative more agreeable to the department.

Other business

In other business last night, the council:

Introduced a revised special capital benefit assessment fee that calls for commercial and residential developers to pay about $1,000 more to help cover the costs of expanding services.

Canceled its meeting May 27 for the Memorial Day holiday.

20020514 Baltimore Sun: Westminster council OKs 03 budget


Wednesday, April 24, 2002

20020423 Baltimore Sun: Westminster property tax rise proposed and Officers disapprove of pension plan

Baltimore Sun: Westminster property tax rise proposed and Officers disapprove of pension plan

http://www.sunspot.net/news/local/carroll/bal-ca.council23apr23.story?coll=bal%2Dlocal%2Dcarroll

Westminster property tax rise proposed

Officers disapprove of police pension plan

April 23, 2002

The Westminster Common Council unveiled last night a proposed $21.9 million spending plan for fiscal 2003 that calls for a 4.8-cent increase in the property tax rate - the city's first increase in five years.

"It's a pretty responsible budget that does two things - it tries to meet the city's current need to provide services and it also tries to look to the future for other needs," said Councilman L. Gregory Pecoraro, chairman of the council's finance committee, which drafted the proposed budget.

In another money-related matter, the council introduced last night an ordinance creating a pension enhancement plan for the city's 43 police officers.

Concern for adequate room in case of a large turnout by police officers prompted the council to move the meeting to a hearing room at the County Office Building. More than half the force showed up.

The proposed 2003 budget, which includes monies for the water and sewer funds as well as building projects, is up $4.6 million from the current fiscal year, which ends June 30. Pecoraro said more than half of the money is earmarked for construction of the Longwell Avenue parking deck.

Under the spending plan, city employees will receive a 1 percent cost-of-living raise. This year employees received a 2.5 percent raise, plus $240.

While water and sewer rates will remain the same, the property tax will increase 4.8 cents to 40 cents per $100 of assessed value. The average Westminster home has an assessed value of $125,000 and the homeowner pays $440 in property taxes each year. That will increase to $500 next year.

Pecoraro said the increase could provide the city with about $500,000 in additional revenue.

A public hearing on the proposed budget and tax increase will be held May 6. The council could take action on the proposals as early as May 13.

Local police officers - and several supporters from the Annapolis Police Department - showed up to voice their disapproval of the proposed supplemental retirement plan for the Police Department.

At a cost of $125,000 a year, the city would deposit the equivalent of 5 percent to 9 percent - depending on years of service - of an officer's annual salary into an account similar to a savings plan.

The Westminster Police Association, Local 84, released a statement at the end of the meeting outlining its opposition to the plan.

The organization questioned the viability of the plan to retain officers because its five years' vesting gives officers an excuse to quit in favor of employment by a police department offering the kind of plan they want - a 25-year retirement threshold and 50 percent guaranteed payback.

"Now is the time for the City Council to begin taking care of the employees that take care of the city and keep it running," the statement read.

20020423 Baltimore Sun: Westminster property tax rise proposed and Officers disapprove of pension plan