Tax hike may be needed to balance town budget
CLEAR SPRING — Clear Spring residents could see a small tax increase included in the town’s 2012-13 fiscal year budget, according to town officials.
To match revenues of the current year, the town’s tax rate would have to be raised by 3 cents, up to 28 cents per $100 of assessed property value, Town Clerk Juanita K. Grimm told the council Monday.
“We have to. We have no choice,” Mayor Paul D. Hose Jr. said of the potential tax hike.
Councilman Theodore Hovermale said he likes the idea of taxing a little more each year, rather than “dumping it on (taxpayers) all at once.”