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A Resolution adjusting the Public Safety Surcharge for inflation for Fiscal Year 2009, beginning July 1, 2008, as required by State Law
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Title
A Resolution adjusting the Public Safety Surcharge for inflation for Fiscal Year 2009, beginning July 1, 2008, as required by State Law
Background
Pursuant to Chapter 594 of the 2005 Laws of Maryland the public safety surcharge is required to be adjusted each fiscal year for inflation pursuant to the Consumer Price Index for All Urban Consumers.
The Consumer Price Index for All Urban Consumers, during the period of April 2007 through April 2008 compared to the 12 month period ending April 2007, shows an inflation rate of 3.9% and results in an increase of $83 above the Fiscal Year 2008 public safety surcharge of $2,124 for permits issued inside the Developed Tier and an increase of $248 above the Fiscal Year 2008 public safety surcharge of $6,371 for permits issued for all other buildings. For Fiscal Year 2009, the public safety surcharge shall be $2,207 for permits issued for construction located inside the Developed Tier and $6,619 for all other buildings.