Pr. George’s Council approves 4% raise in Property taxes.

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A divided Prince George’s County Council passed a budget Thursday that would require a a four-percent increase in the property tax rate to generate revenue for public schools — far less money than proposed by County Executive Rushern L. Baker III, but still the first property tax hike in the county since voters approved a tax cap 37 years ago.

In a meeting that started more than two hours later than scheduled, council members rejected Baker’s proposal to raise taxes by a whopping 15 percent, generating $133 million in new money for public schools.

They also refused to consider a compromise plan — put forward by Baker on Wednesday — that called for $65 million in new schools funding.

Instead, the council voted 6-to-3 in favor of a budget that would raise the tax rate by 4 percent, generating $34 million in new schools money.

In order to take effect, the proposed tax rate must be the subject of a public hearing and another council vote before the start of the fiscal year on July 1.

>>> Read more Washington Post.

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