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You must be a registered member and logged-in to post comments.On 11/20/08 at 09:02 PM:
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Gloom by sea for counties
OCEAN CITY — County leaders who withstood a turbulent 2008 budget season are girding for an even tougher 2009 as declining property tax revenues and sluggish national and state economies could augur program cuts or tax increases.
The gloomy outlook set the tone at the annual Maryland Association of Counties summer conference.
‘‘If a county is not positioned and has its strategy developed to manage those contingencies, it’s going to be a very difficult year,” said Charles County Commissioner Gary V. Hodge (D). ‘‘Meanwhile, we have all the usual groups who are going to be pressing us for larger commitments of local funding.”
His county maintains a robust $48 million fund balance — about 15 percent of its $312 million budget — money that could be needed if the state passes on cuts to the local level prompted by sharp dropoffs in revenues.
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Posted by: Sammy on 08/20 at 04:11 PM