Perryville approves $8.4 million budget, cuts taxes
Property tax rate lowered for sixth year
— For the sixth year in a row, the mayor and commissioners have approved a new budget that lowers the property tax rate.
The $8.4 million spending plan for the fiscal year, which begins July 1, charges 0.3097 cents per $100 of assessed value, compared to 0.3130 charged in the current spending plan. It represents a 13 percent decrease.
Rachel Deaner, finance director, said both budgets use the constant yield rate set by the Maryland Department of Assessments and Taxation
“That’s what the constant yield does,” she said. “It gets us the same amount of revenue as the previous year.”
The constant yield factors in the assessment of all property within the town’s borders and formulates a rate, which allows the governing body to decide if raising more revenue through taxes is warranted.
“We’re still giving a 2 percent discount,” Deaner said.
That discount goes to property tax bills paid in full by July 31.
The personal property tax rate remains the same at 0.94 cents per $100 of assessed value.
On top of lowering property taxes, Perryville has one other unique distinction, Mayor Jim Eberhardt said.
“We are one of the few towns that include trash collection in it expenses,” the mayor said.
Residents do not get a bill for collection of trash, recyclables, yard waste and larger items.
While the fiscal 2015 budget was $7.4 million, Deaner said the new package lacks at least two very large projects, which town officials expect to have finished by June 30.
“This year had a lot of projects,” she said, including Lower Ferry Park’s development and repairs and upgrades along Elm Street.
With those near completion, Deaner said the grant funding received through the Maryland Department of Natural Resources and The Maryland Heritage Areas Authority would not be in the new budget.
Casting and reeling, casting and reeling. These fishermen were in search of a catch on the Susquehanna River.
A boat under full power flies past fishing boats, breaking up the otherwise quiet morning on the Susquehanna River.