Notice of Outcome / Fair Summary

23-O-03

An Ordinance Of The Mayor And Council Of The City Of College Park To Adopt The Fiscal Year 2024 General Fund, ARPA Allocation Fund, Capital Projects Fund And Debt Service Fund Budgets Of The City Of College Park

The City of College Park is pleased to announce the passing of the City’s Fiscal Year 2024 (July 1, 2023 through June 30, 2024) Budget. The Fiscal Year 2024 General Fund budget totals $24.8 million, is balanced, and does not raise the residential tax rate.

This budget includes separate real estate property tax rates for residential property and commercial property. The City has the lowest residential real estate property tax rate in Prince George’s County at 30.18 cents per $100 of assessed value, which is the same as the current rate. The commercial tax rate for Fiscal Year 2024 will be 33.18 cents per $100 of assessed value, a three-cent increase over the current tax rate. Despite this increase, the commercial tax rate is still the lowest municipal rate in Prince George’s County. The three-cent rate increase for commercial property is expected to generate $515,000 of additional revenue to fund various projects. Some suggestions for the use of the additional revenue have been for small business and senior assistance programs and for the establishment of a student housing rental subsidy program. All suggested uses and programs will be discussed and developed by the Mayor and Council at future Council meetings.

Click here to view:

· Revised proposed budget for the ARPA Allocation Fund and summary of changes as discussed at the April 11, 2023 Council Meeting.

· Revised Capital Projects Fund/CIP budgets as a result of related changes.

· 2023 CYTR Certification – Noncommercial Real Property

· 2023 CYTR Certification – Commercial Real Property

Click here to view: Staff Report

Ordinance 23-O-03 was introduced on April 25, 2023, and a Public Hearing was held on May 9, 2023. The Ordinance was then adopted on May 24, 2023 and will become effective July 1, 2023.

Notice of Outcome / Fair Summary

23-O-05

Ordinance of the Mayor and Council of the City of College Park Amending City Code Chapter 15 “Boards, Commissions and Committees”, By Deleting Article II, “College Park Recreation Board”, §§ 15-3 through 15-18, in its entirety to remove the College Park Recreation Board from the City Code and Reestablish by Resolution a City Events Advisory Board for the purpose as set forth in Resolution 23-R-06.

Click here to view the staff report.

Ordinance 23-O-05 was introduced on May 2, 2023, and a Public Hearing was held on May 16, 2023. The Ordinance was then adopted on May 16, 2023 and will become effective June 6, 2023.

Notice of Outcome / Fair Summary

23-O-06

Ordinance of the Mayor and Council of the City of College Park Amending Chapter 62, “Personnel and Employee Benefits”, by enacting Article IV, “Compensation of Elected Officials”, § 62-17, “Mayor and Council Compensation”, to change the amount of compensation payable to the Mayor And Council.

This Ordinance will increase the annual compensation of the Mayor to $15,000, the Mayor Pro Tempore to $12,500 and remaining Councilmembers to $10,000, to be paid on a bi-weekly basis beginning on or around December 15, 2023 Click here to view the staff report.

Ordinance 23-O-06 was introduced on May 24, 2023, and a Public Hearing was held on June 6, 2023. The Ordinance was then adopted on June 6, 2023 and will become effective December 15, 2023.

Copies of all legislation may be obtained from the City Clerk’s Office, 7401 Baltimore Avenue, Suite 201, College Park, MD 20740, by calling 240-487-3501, or from the City’s website: www.collegeparkmd.gov.

In accordance with the Americans with Disabilities Act, if you need special assistance, please contact the City Clerk’s Office and describe the assistance that is necessary.

For additional information please contact the City Clerk, Janeen S. Miller, at 240-487-3501.