New City Manager Nicole Ard had her first City Manager Update meeting with the city council on February 6. The major business items of this meeting, including the midyear financial picture and forecasts for Fiscal Year 2018, are covered in a separate article.
Surprisingly, one of the most remarkable pieces of financial news does not directly affect the city’s FY18 budget but rather would affect Greenbelt taxpayers directly. As a result of what City Treasurer Jeffrey Williams suggested might be the result of a new interpretation of existing guidelines by new staff, Prince George’s County intends to apply a new formula in applying what is known as the county tax differential.
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