Town Of Chevy Chase In The Black For 2nd Straight Year


Published:

The Town of Chevy Chase ran a surplus for the second straight year in 2012 and 2013. Now the town must figure out what, if anything, to do with a growing balance of $8.2 million. Higher than expected income tax revenues in fiscal year 2013 made up most of a $2.2 million surplus for the year. Income tax rates are set by the state of Maryland. Town Treasurer David Lublin said income tax revenues are hard to predict because the state doesn't release information on revenues to municipalities for privacy reasons. The result was the second straight yearly budget surplus after two deficits in FY10 and FY11, mostly due to falling income tax revenues. The town also received $130,297 in duplication fees from Montgomery County, mostly for road work the Town performed without the county's assistance. There was a $39,432 grant from FEMA to help with the effects of the 2012 derecho storm. The Town also made $9,485 in parking ticket payments and off the five parking meters it controls on Willow Lane. Figuring out something to do with the extra money has been an open question. It was a prominent issue in the most recent Town election, which saw Mayor Pat Burda re-elected and challenger John Bickerman brought on to the five-member Council. Undergrounding power lines has been suggested and will be discussed at Wednesday's monthly Council meeting. A public hearing on a request from the B-CC Rescue Squad for funding from the Town had been pushed off Wednesday's agenda. The Town says it will notify residents of a rescheduled hearing date. The Town also nixed a plan to provide a shuttle for residents to get to areas of downtown Bethesda. Lublin said the Town is is organizing a community forum for residents to give ideas for new initiatives or services that would be paid for by the surplus.

Back to Bethesda Beat

Edit Module
Edit ModuleShow Tags

Archive »Related Articles

Edit ModuleShow Tags Edit Module
Edit Module
Edit ModuleShow Tags

Sponsored Content

Green Leaders Deserve To Be Recognized

Submit your nomination for the 2017 Bethesda Magazine Green Awards.
Edit ModuleShow Tags

More »

Stunning French Colonial

Potomac, $1,459,000

Beautiful Brick In River's Edge

Potomac, $1,029,998

Country Living In The City

Bethesda, $1,175,000

Stately Colonial In River Falls

Rockville, $1,065,000

One of the Best in Bethesda

Bethesda, $1,599,000
Edit Module

Profiles

Your Guides to Leading
Local Professionals

Edit Module
Edit Module
Edit ModuleShow Tags