FUNKSTOWN -- If the new property assessment values in Funkstown are down from the last ones, the Town Council will have to consider raising the property tax rate for the first time in at least 20 years.
On Monday night, town officials received a draft of a clean audit opinion for the fiscal 2008-2009 year. That good news was overshadowed by dim revenue forecasts.
Rodney L. Saunders, an accountant with McGladrey & Pullen, said Funkstown's budget is one of the stingiest he's seen as town officials have been fiscally responsible, so there's not a lot of options in cutting expenses.
Like other Maryland municipalities and counties, the town received a 90 percent cut in highway user funds this fiscal year.
Saunders said annual highway user revenue for the town had typically been $50,000 to $60,000. The town had $50,853 in highway user funds last fiscal year. Using that figure, a 90 percent cut would be almost $46,000.