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	<title>Cecil Times &#187; volunteer fire company</title>
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		<title>Cecil County Drafts $169 Million Budget; Schools Get &#8220;Flat&#8221; Funds; Property Tax Rate at &#8220;Constant Yield&#8221;</title>
		<link>https://ceciltimes.com/2012/05/cecil-county-drafts-169-million-budget-schools-get-flat-funding-property-tax-rate-set-at-constant-yield/</link>
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		<pubDate>Tue, 01 May 2012 21:43:52 +0000</pubDate>
		<dc:creator><![CDATA[Nancy Schwerzler]]></dc:creator>
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		<description><![CDATA[The Cecil County Commissioners have drafted a $169 million proposed budget for Fiscal 2013 that would freeze public schools funds at the current level, give a 1 percent cost-of-living raise to county employees and set property taxes at the “constant yield” rate. But since overall revenues from income taxes and property taxes paid to the county are down due to the recession and lower property values, it will take a slight increase in the property tax rate to yield the same, or “constant,” level of money coming into county coffers. As a result, county officials said, the county property tax rate will rise slightly, from .9401 cents per $100 of assessed property value to .9957 cents in the new budget year, which begins July 1. The proposed budget also taps reserve funds for $3 million to provide over half of a $5.9 million increase in county spending in the new budget year. But $2.4 million of that figure is actually a contingency plan for the anticipated state shift of teacher pension costs to the county. The draft budget proposal was hammered out in several closed door sessions of the County Commissioners over the past few weeks. Those sessions were much [&#8230;]]]></description>
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