SYKESVILLE â The Sykesville Borough Council held discussions about the 2021 budget, and possible tax increases, during a recent meeting.
The council discussed both the possibility of increasing the earned income tax rate, and the real estate tax. For the council to raise the earned income tax rate, there must be a referendum on the ballot that must be voted on by the voters. The council plans to pursue this in 2021, and asked Solicitor C.J. Zwick be present at the meeting to discuss the issue.
Vice President Elaine Fike had contacted the borough Tax Collector Maureen Kovalchick regarding the millage of real estate tax. Kovalchick told Fike there are 614 residents in Sykesville, and at $12 per mill, an increase of one mill would be a $7,368 increase in taxes generated for the borough. A two mill increase last year reportedly made a $23,818.61 increase for the borough, and would likely make the same increase if council made another two mill increase in 2021.