After expressing a total lack of support for a property tax increase, County Councilmembers mulled over a proposed increase in the income tax rate during their work session Monday.
After a lengthy discussion, it seems like an income tax increase proposed by County Executive Marc Elrich also may not be enacted, at least not retroactive to January 1 of this year.
Elrich calls for a flat income tax increase from the current 3.2% to 3.3% effective retroactively. It would generate an estimated additional $75 million in revenue for the county. If the income tax is increased but not retroactively, the county would receive about $25 million.
However, as both County staff and Councilmembers pointed out, incomes will be very volatile in the current climate when many federal employees are being laid off...
https://www.mymcmedia.org/council-weary-of-increasing-taxes-property-or-income/
This is an understatement: “You have no idea what is happening,” The council becomes weary The atmosphere feels dreary The people think is very eerie The outlook seems quite leary.
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