A Tax Story
starring the County Council and the Council Executive
Last year the County Council raised the recordation tax on home sales with the revenue increase estimated to bring in about $200 million in revenue over the next 6 years. At the time, the council said about $125 million of the new revenue would go to school construction projects, while the other $75 million would be used to build affordable housing and other infrastructure projects.
That was last year. This year – like right now – it appears that the County Council proposes to approve $4.2 million of these recordation tax revenues to cover the legal fees in the county’s lawsuit against Foulger Pratt et al over the costs associated with the Silver Spring Transit Center.
Plus ca change …..