Published on: Friday, March 18, 2016 News

Briefing on City Tax Revenue Sources

Takoma Park Taxes 101

During the March 9, 2016 City Council meeting City Manager Suzanne Ludlow gave a presentation on City tax revenue sources and provided some background information in advance of the Council’s budget work sessions. Video of the “Tax 101” style presentation is available below courtesy of City TV and is also available on their YouTube channel.

Fiscal Year 2017

This info helps frame discussions going into work sessions which start in April and offers insight into how the proposed budget for fiscal year 2017 will be developed. Once the proposed budget is approved and voted on by the City Council it becomes the City of Takoma Park Adopted Budget for Fiscal Year 2017 and the official policy for how funds – including tax revenues – are spent in FY17. (Fiscal year 2017 starts on July 1, 2016 and extends to June 30, 2017.)

Briefing on City Tax Revenue Sources Links: