Ordinance 2018-01: FY2018 Budget Amendment Adopted


ORD-2018-01_FY18 Budget Amendment_Apprvd

OFFICIAL NOTICE

On March 27, 2018 the Board of Commissioners for The Town of Upper Marlboro approved Ordinance 2018-01: FY2018 Budget Amendment, to amend Ordinance 2017-02, by moving $300,000 from unrestricted funds to cover a local income tax revenue shortfall resulting from the Maryland State Comptroller’s mid-budget-year reassessment and redistribution. Total Revenues and Expenditures for the FY18 Town Budget remain the same at $2,791,294, and amendments are limited to: 1.) Decreased total of Tax Revenue from $649,392 to $349,392; and, 2.) Increase in Unrestricted Fund Revenues from $1,793,973 to $2,093,973. All other Revenue and Expenditure line items and tax rates within the original FY2018 Town Budget Ordinance 2017-02 remain the same as previously published.  The ordinance becomes effective April 17, 2018. Copies are available at Town Hall, 14211 School Lane, Upper Marlboro, MD 20772 and online at www.UpperMarlboroMD.gov.

—Town of Upper Marlboro; By: M. David Williams, Town Clerk