Title
A RESOLUTION CONCERNING SCHOOL FACILITIES SURCHARGE for the purpose of adjusting the school facilities surcharge for Fiscal Year 2016, beginning July 1, 2015, as required by State law.
Background
Pursuant to Section 10-192.01(b)(1)(B) 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 (CPI-U) for April 2015, compared to April 2014, shows a decrease of 0.2%. The decrease results in a surcharge of $18 below the Fiscal Year 2015 school facilities surcharge of $9,035 for permits issued for buildings between Interstate Highway 495 and the District of Columbia and for permits issued for buildings included within a basic plan or conceptual site plan that abuts an existing or planned mass transit rail station site operated by the Washington Metropolitan Area Transit Authority. For permits for all other buildings, the decrease in the CPI-U results in a surcharge decrease of $31 below the Fiscal Year 2015 school facilities surcharge of $15,489.
The Fiscal Year 2016 school facilities surcharge applies to all buildings unless it is exempted from this requirement under Section 10-192.01 or qualifies for a 50% reduction in the school facilities surcharge pursuant to Chapter 685 of the 2013 Laws of Maryland. For Fiscal Year 2016, the school facilities surcharge shall be $9,017 for permits issued for buildings located between Interstate Highway 495 and the District of Columbia and for permits included within a basic plan or conceptual site plan that abuts an existing or planned mass transit rail station site operated by the Washington Metropolitan Area Transit Authority. The Fiscal Year 2016 school facilities surcharge shall be $15,458 for permits issued for all other buildings.