Income Tax Receipts Down1% In 4th Quarter

February 23, 1992|By Dennis O'Brien | Dennis O'Brien,Staff writer

Anne Arundel County is a little poorer than it had hoped to be at this time last year.

County budget officer Steven E. Welkos said state income tax revenue for the three-month period ending Dec. 31 was down 1 percent compared to the previous year.

At the end of February, when the state distributes the fourth-quarter income tax receipts to local jurisdictions, the county will receive $31.9 million, compared to the $32.3 million received for the same period last year, he said.

Welkos said the current $598.3 million budget is based on estimates that it will receive $133.3 million inincome tax revenue for the current fiscal year, which ends June 30.

If the current trend continues, he said, the county will come up about $1.3 million short.

"Based on the way things are going, we'llbe lucky to get the same amount we got last year," Welkos said.

Marvin Bond, a spokesman for the Comptroller's Office, said the same trend is occurring statewide. He blamed it on the recession that has put people out of work and cut back on salaries of many who have jobs.

"If you're not working, you're not paying income tax," he said.

Income tax receipts are estimated to make up 22 percent of the county budget, with property tax revenue expected to generate $231.9 million (38.7 percent), state and federal funds $155.6 million (26 percent) and transfer and recordation taxes $23.6 million (4 percent).

The county also faces a $9 million cut as part of a plan being considered by the General Assembly to cut $88.5 million from state aid to local governments.

Welkos said the county will handle the cutback byslashing $3.3 million in pay-as-you-go capital projects, using $2.76million in surplus funds and finding the balance in higher-than-anticipated revenues from recordation and transfer taxes and real estate property taxes.

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