Tag: city budget
Annapolis Passes Budget, Fees And Taxes On Way
See the following release from Annapolis City Hall which was received immediately following the Council meeting at 12:09 am. City Council Approves FY 2012 Budget of $90.0 Million Spending plan increases property tax rate; capital budget also passed Annapolis, Md. (06-07-11) – The City Council voted last night to approve Mayor Joshua J. Cohen’s $90.0 [...]
Annapolis Tax Increase Announcement (VIDEO)
<–if you enjoyed this post, please share it with your facebook friends and twitter followers by clicking the icons to the left. This is a three part video of Mayor Josh Cohen’s press conference announcing a 3% increase in property taxes and a $2.8 million reduction in his proposed budget. A very brief questions and [...]
Ald. Arnett Holding Public Discussion On Annapolis Budget
The following announcement came from Delegate Herb McMillan regarding a presentation on Monday, May 16, 2011 by Annapolis City Alderman Ross Arnett. Arnett has been a fiscal watchdog for the upcoming budget and has been warning the Council and the mayor of the impending shortages when homes in the area are reassessed this year. The [...]
Rising Budget Explained
In response to the opinion post yesterday, Annapolis PIO, Phill McGowan has offered the following explanation of how the budget increased by 23%. Two of the big ticket items include: Changing the way the money is handled accounting for $8 million Employing an unknown number of city employees will cost an additional $4.5 million ($7500 [...]
Fitch Downgrades Annapolis’ Bond Rating
As was expected, one of the bond rating agencies, Fitch Ratings has downgraded Annapolis’ Bond Rating from AAA to AA+ and classified the new rating outlook as stable. The rationale behind the downgrade included: –The downgrade reflects the city’s diminished financial flexibility, as evidenced by declining reserves, a constrained liquidity position, and the current debt [...]
Annapolis Mayor Discusses Budget
Last night, Annapolis Mayor, Josh Cohen addressed a very sparse crowd at the Mt. Olive Community Life Center on the realities of the FY 2012 budget that he is intending to send to the City Council on March 14th. The City is not out of the financial woods yet as Cohen explained that City overspent [...]
Fuzzy Math At City Hall
What Are The True Numbers? Over the course of 44 days, the news from Annapolis City Hall has indicated that there is budget deficit. However, they can’t seem to figure it out exactly. Since January 21, 2010, the current year deficit began at $2.6 million, ballooned up to $3.1 million (19%) and has now settled [...]
Update On Cohen’s Ax
Mayor Sort Of Clarifies Cuts The Mayor’s Office just released an update to the press release of yesterday. Today, it indicates that there were six positions eliminated. They also eliminated an Assistant Public Information Officer. Cohen’s office is now claiming that the only two vacant positions were the Chief Information Officer and the Special Assistant [...]
Cohen Wields Ax At City Hall
Eliminates Five Positions, Makes Good On Campaign Promises In an effort to combat the fiscal uncertainty of Annapolis’ future, Mayor Josh Cohen has eliminated five positions from the bloated City. According to a press release, in order to offset the new positions created in his first week, Cohen has eliminated the Chief Information Officer, Executive [...]
