Tax Setoff Meeting with City of Hagerstown

Tax Setoff Meeting with City of Hagerstown

The Board attended a joint meeting with the Hagerstown City Council during the afternoon to discuss the Tax Setoff for FY '06. Property Tax setoff funds are paid to municipalities annually to help reimburse costs for Police services, Roads and Parks. For fiscal year 2006 Hagerstown's allocation increased by 8.87% over FY 2005 to $1,108,797.00, up from its 2005 allocation of $1,018,423.00. Allocations for all 9 municipalities were at or above the previous year's funding level. Hagerstown's Police allocation was $882,728.00 and the Parks allocation was $1226,069.00. Roads allocations for all municipalities remain at $0.00 for 2006.