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	<title>Cecil Times &#187; budget director</title>
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		<title>Cecil County Budget Warning: Casino $ to Decline, Schools Face Aid Cuts, Property Values Drop Could Prompt Tax Rate Boost</title>
		<link>https://ceciltimes.com/2011/12/cecil-county-budget-warning-casino-to-decline-schools-face-aid-cuts-propety-values-drop-could-prompt-tax-rate-boost/</link>
		<comments>https://ceciltimes.com/2011/12/cecil-county-budget-warning-casino-to-decline-schools-face-aid-cuts-propety-values-drop-could-prompt-tax-rate-boost/#comments</comments>
		<pubDate>Tue, 13 Dec 2011 20:47:07 +0000</pubDate>
		<dc:creator><![CDATA[Nancy Schwerzler]]></dc:creator>
				<category><![CDATA[Business]]></category>
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		<guid isPermaLink="false">https://ceciltimes.com/?p=1850</guid>
		<description><![CDATA[Local impact aid revenues from the Hollywood Casino in Perryville are likely to be lower than previously expected and Cecil County schools face new cuts in state aid in Fiscal 2013, the county’s budget director warned county Commissioners Tuesday. Craig Whiteford, the budget director, outlined issues facing the county as Commissioners begin the budget process in the new year. The Fiscal 2013 budget year begins 7/1/12, but commissioners begin reviewing budget issues in earnest in February and the budget is usually adopted at the end of May. Whiteford warned that lower property tax revenues, due to lower property values under state-rendered property assessments, means that just to keep the current “constant yield” of property tax revenues could mean a 2 ½ cent- increase in the current county tax rate. Constant yield means providing the same amount of overall property tax revenues to the county but if property values go down, it requires a higher tax rate for individual properties to generate the same amount of income as received in the previous budget year. The current property tax rate is .9401 cents per $100 of assessed property value, a rate that is a half-cent below the “constant yield” figure for the [&#8230;]]]></description>
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		<title>ANALYSIS: Cecil County Shouldn&#8217;t Count Slots $ Before It&#8217;s Hatched</title>
		<link>https://ceciltimes.com/2011/02/analysis-cecil-county-shouldnt-county-slots-before-its-hatched/</link>
		<comments>https://ceciltimes.com/2011/02/analysis-cecil-county-shouldnt-county-slots-before-its-hatched/#comments</comments>
		<pubDate>Wed, 09 Feb 2011 20:57:23 +0000</pubDate>
		<dc:creator><![CDATA[Nancy Schwerzler]]></dc:creator>
				<category><![CDATA[cecil county]]></category>
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		<guid isPermaLink="false">https://ceciltimes.com/?p=1113</guid>
		<description><![CDATA[Cecil County commissioners are salivating over the potential revenues that the new Hollywood casino in Perryville will generate and, commissioners hope, save them from having to make tough budget choices this year. But the state’s projections of upcoming revenues may be overly optimistic, while gas prices and possible local bridge toll increases may dampen revenues at the state’s first slots parlor, located in Cecil County. At their Tuesday, 2/8/11 work session, Cecil County commissioners considered a laundry list of projects on which to spend the anticipated slots revenue. Commissioners agreed to develop their own rankings of which projects should receive top priorities, including various road and bridge projects and broader initiatives such as economic and tourism development, as well as local school repairs in the western part of Cecil County closest to the casino. But developing county revenue projections, for both operating budget (day to day costs like snow removal, Sheriff’s patrols, etc.) and capital budget (road and bridge repairs and improvements) stemming from the Perryville operation could be a crapshoot, with fewer odds for fulfillment than a “Sex in the City” video gaming machine. The Hollywood casino in Perryville has so far generated $35.3 million in total revenues since [&#8230;]]]></description>
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