Title:
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A Resolution approving the Fiscal Year 2012 Washington Suburban Transit Commission's Administrative Budget
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Title
A Resolution approving the Fiscal Year 2012 Washington Suburban Transit Commission's Administrative Budget
Background
This resolution provides for certifying the dedicated property tax rates for transit activities by the Washington Suburban Transit Commission, approving the levy of property tax rates necessary to support the expenses and obligations of the Commission, approving the budget for the County's Mass Transit Plan, and formally approving the WSTC's administrative budget, as approved in the Prince George's - Montgomery Bi-County Council meeting of May 12, 2011.
The tax levy of two and six tenths ($0.026) per $100 of assessed valuation of real property and six and one half cents ($0.065) per $100 of assessed valuation of personal property and operating real property is the County’s share of the total WSTC budget of $190,769,408.