TAKOMA PARK — The Takoma Park City Council passed its FY2018-2019 budget Wednesday evening with a unanimous vote.
“I think the process worked well this year … the proposal from the city manager seemed to reflect the priorities that we defined earlier and … not increasing taxes was important to many people,” said Ward 4 Council member Terry Seamens.
The city expects to spend $38,870,197, while having revenues of $32,194,294 with a property tax rate of $0.5291 per $100.
The property tax rate, which was lower than the initial $0.5348 proposed by City Manager Suzanne Ludlow, is still higher than the city’s constant yield rate, according to Finance Director Susan Cheung.
“We balanced the desire from our residents for improved services and continued growth in the city, while at the same time by not raising taxes that would drive people out of town,” Seamens added.
The final budget, which will be released in full to the public in July, eliminates a proposed full-time police officer position and full-time economic development position.