Cumberland Times-News

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May 8, 2014

Public to get its say on county’s 2015 budget proposal

(Continued)

About 50 percent of the county’s revenue comes from local property taxes, another 28 percent comes from local income tax, and state and federal revenues account for about 12 percent of the budget. Other funding sources make up the remaining county revenue. While overall property assessments were down, revenue from property taxes was slightly up, Bennett has said.

County income tax revenue, though, was down $858,711.

County commissioners have already committed new revenue, expected to be about $700,000 a year, coming in from the Rocky Gap Casino slots operations. The money will go to a program that funds, in large part, scholarships to Allegany College of Maryland and Frostburg State University, with smaller sums for other programs, including fire and rescue services.

The meeting will take place at county offices on Kelly Road.

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