FY 24 APPROVED OPERATING BUDGET

HARFORD COUNTY MARYLAND FISCAL YEAR 2024 BUDGET SUMMARY

While the Administration follows the standardized Annual Budget Process, the development of each fiscal year's budget is unique. Consideration must be given to the current and projected economic conditions, the changing wants and needs of our citizens, and our operational requirements, all of which must be weighed against the fiscal policies and management techniques adopted by the Administration. In developing our Fiscal Year 2024 Operating and Capital Budgets we maintained essential services while focusing on fiscal responsibility for our citizens and employees. This budget provides for major investments in public safety and funding for our schools without raising taxes. This budget returns Harford County to fiscal responsibility and still maintains essential services for our citizens. The County has funded the Harford County Public Schools operating budget $10 million over the State mandated Maintenance of Effort of $304,852,402. Funding for all county employees as well as employees of the Sheriff's Office, State's Attorney's Office and Circuit Court systems provides for a 1.5% COLA for those eligible in July, 2023 and an additional 1.5% possible in the second half of the year, depending on economic conditions. In addition, sufficient funds were provided to fully fund the Sheriff's Office salary survey placement request for law enforcement deputies and corrections officers. Level funding is provided for Harford County Public Library and Harford Community College. A significant increase is included for the County to take over the responsibility of Emergency Medical Services, to include 92 new positions, equipment, and supplies and materials.

REVENUES

ALL FUNDS

FY 24 Approved Budget

965,562,000

FY 23 Approved Budget

943,645,000

$ increase

21,917,000

% increase

2.27 %

FUNDING SOURCE

REVENUE SOURCE

GENERAL HIGHWAYS

768,496,000 PROPERTY TAXES 68,370,000 INCOME TAXES

339,971,400 311,000,000 56,451,300

PARKS AND RECREATION AG PRESERVATION - COUNTY

855,000 W & S USER CHARGES 26,500,000 W & S CAPITAL CHARGES

8,241,000

INTERGOVERNMENTAL/ STATE-SHARED OTHER LOCAL TAXES & ASSESSMENTS

AG PRESERVATION - STATE

270,000

13,247,000

TAX INCREMENT FINANCING WATER & SEWER OPERATING

2,665,000

21,146,200 15,449,553

79,815,000 INVESTMENT INCOME

FUND BAL APPROP/ UNRESTRICTED NET POSITION

WATER & SEWER DEBT SERVICE WATERSHED MANAGEMENT FUND

12,585,000

121,371,434 78,684,113

6,006,000 OTHER REVENUE

965,562,000 9

FY 24 TOTAL ALL FUNDS

6 FY 24 TOTAL ALL REVENUES

965,562,000

109