The proposed FY-2026 budget for the City of Takoma Park shows a projected shortfall of $2,000,000. However, the budget draft does not recommend an increase in the current property tax rate of 55.22 cents per $100 of assessed value. Instead, it proposes using unassigned reserve funds left over from the federal American Rescue Plan Act via a series of transfers to close the gap.
No increase in City staff is budgeted for in the draft. The budget would maintain the current level of City services for residents. You can review the proposed budget, and associated documents, on the City website.
A second public hearing on the proposed budget will take place on Wednesday, April 16, at 7:30 PM, in the Takoma Park Community Center Auditorium. Community members are encouraged to attend the hearing and sign up to speak. Remote comments are permitted via Zoom, but to comment virtually, registration is required by 5:00 PM on the day of the meeting. Comments are also accepted at every Wednesday meeting of the City Council. At public hearings and meetings, public comments are limited to three minutes each.
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