Title:
|
A Resolution adjusting the public safety surcharge for inflation for Fiscal Year 2007, beginning July 1, 2006, as required by State Law
|
Title
A Resolution adjusting the public safety surcharge for inflation for Fiscal Year 2007, beginning July 1, 2006, as required by State Law
Background
Pursuant to Chapter 594 of the 2005 Laws of Maryland (House Bill 1129) 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 2006 compared to April 2005, shows an inflation rate of 3.5%. For permits issued inside the Developed Tier, this legislation would increase the surcharge by $70 to $2,070. For permits issued outside the Developed Tier, this legislation would increase the surcharge by $210 to $6,210.