Reference No. CR-053-2006    Draft No. 1
Type: Resolution Status: Adopted
Meeting Body County Council
Meeting Date 7/11/2006
Introduced Date 6/20/2006 Public Hearing Date
Effective date: 7/11/2006    
Title: A resolution adjusting the school facilities surcharge for inflation for Fiscal Year 2007, beginning July 1, 2006, as required by State Law
Proposers/Sponsors: Thomas E. Dernoga, Douglas J.J. Peters, Tony Knotts, Samuel H. Dean, Camille A. Exum, David C. Harrington, Will Campos, Marilynn Bland, County Executive
Code sections: None - None
Attachments: 1. R2006053, 2. ACTION SUMMARY T2006053
Contact: Matt Stanski OMB
Title A resolution adjusting the school facilities surcharge for inflation for Fiscal Year 2007, beginning July 1, 2006, as required by State Law Background Pursuant to Section 10-192.01(b)(1)(ii) of the Prince George’s County Code, the school facilities surcharge is required to be adjusted for inflation pursuant to the Consumer Price Index for All Urban Consumers each fiscal year beginning in Fiscal Year 2005. The Consumer Price Index for All Urban Consumers, during the period of April 2006, compared to April 2005, shows an inflation rate of 3.5%. The Fiscal Year 2007 school facilities surcharge is $13,151 for projects constructed outside the Beltway, an increase of $445 over Fiscal Year 2006. For projects constructed inside the Beltway, the Fiscal Year 2007 school facilities surcharge is $7,671, an increase of $259 over Fiscal Year 2006. Based on the assumption that 2400 permits will be issued in Fiscal Year 2007, the school facilities surcharge would generate revenues of $30.9 million.



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