FY 23 Approved Budget Book

TAX INCREMENT FINANCING

FINANCIAL NOTES:

FY 23 Approved Budget

1,902,000

FY 22 Approved Budget

1,641,000

$ increase

261,000

% increase

15.90 %

FY 22

FY 23

CHANGE

EXPLANATION OF INCREASE/DECREASE - REVENUES

1,640,000 1,900,000

260,000

REAL PROPERTY/SPECIAL TAX FY 23 will be the eigth year that Harford County will be assessing a Real Property/Special Tax for Beechcreek Estates Development.

1,000

2,000

1,000

INVESTMENT INCOME Estimated investment income anticipated for Beechcreek accumulated cash balance.

FY 22

FY 23

CHANGE

EXPLANATION OF INCREASE/DECREASE - EXPENDITURES

411,727

435,000

23,273

Interest - Beechcreek

310,000

405,000

95,000

Principal - Beechcreek

30,000

30,000

0

Services Costs - Cost of Issuance Beechcreek

889,273

1,032,000

142,727

Other Contingencies

214