FY 24 APPROVED OPERATING BUDGET

BUSINESS PLAN DEBT BURDEN ANALYSIS Fiscal Years 2022-2029

Original Budget

Approved Budget

Actual

Projection Projection Projection Projection Projection

2022

2023

2024

2025

2026

2027

2028

2029

Expenditures (1)(2)

County Council 3,279,679

4,377,176

4,378,697

4,510,057

4,645,359

4,784,719

4,928,261

5,076,109

General Government

56,870,876

64,149,194

56,827,593

58,532,421

60,288,393

62,097,045

63,959,957

61,647,362

Education

311,887,353 344,119,463 334,735,208 344,776,234 355,119,521 365,773,107 376,746,300 398,928,772

Harford Center

620,193

682,212

702,215

723,281

744,980

767,329

790,349

805,400

Judicial Libraries

11,159,781 18,890,693

14,010,613 20,886,654

14,515,355 20,885,407

14,950,816 21,511,969

15,399,340 22,157,328

15,861,320 22,822,048

16,337,160 23,506,710

16,351,972 24,211,911

Parks & Recreation

10,453,546 15,086,764 Public Safety 125,309,206 154,640,874 166,225,297 171,212,056 176,348,418 181,638,870 187,088,036 192,526,786 Public Works 60,899,884 77,502,726 95,178,425 98,033,778 100,974,791 104,004,035 107,124,156 110,337,881 Social Services 11,781,397 14,842,617 15,157,245 15,611,962 16,080,321 16,562,731 17,059,613 16,727,744 Other Financing Uses 20,256,265 45,911,000 51,216,606 52,753,104 54,335,697 55,965,768 57,644,741 41,984,970 Debt Service (3) General Obligation Debt 81,601,477 65,137,554 69,336,978 69,761,841 72,464,311 74,686,430 77,608,543 80,221,173 Other Debt Expenses 356,128 700,000 700,000 700,000 700,000 700,000 700,000 700,000 Total Expenditures $713,366,478 $820,720,000 $842,873,000 $866,481,913 $893,064,986 $919,884,125 $948,141,169 $964,606,843 13,759,917 13,013,974 13,404,394 13,806,526 14,220,722 14,647,344

Capital Plan

General Fund Bonds Stormwater Bonds

43,590,000

91,045,000

83,255,000

68,052,475

31,490,000

34,040,000

6,800,000

18,300,000

6,750,000 8,450,000

8,600,000

8,700,000

8,800,000

8,900,000

9,000,000

9,100,000

Highway Fund Bonds 4,270,000 Water and Sewer Bonds 11,555,000

11,615,000

2,235,000

5,085,000

5,805,000

5,165,000

5,785,000

5,100,000

10,965,000

8,500,000

12,600,000

17,050,000

14,550,000

16,100,000

15,000,000

Pay-as-you go General Fund

8,172,000

28,260,000

14,142,000

5,864,500

5,727,500

5,087,500

5,937,500

5,552,500

Stormwater Fund

850,000

850,000

1,250,000

1,300,000

1,400,000

1,500,000

1,600,000

1,700,000

Highway Fund

10,021,179

10,601,000

13,935,000

15,110,000

15,385,000

16,420,000

17,485,000

18,930,000

Water & Sewer Fund 5,650,000

4,280,000

9,686,000

8,950,000

6,650,000

6,300,000

6,800,000

6,350,000

Other Sources (All Funds) Total Capital Plan

127,950,821 111,357,315 118,044,000

78,359,034

45,565,000

47,485,000

20,575,000

19,225,000

$218,809,000 $277,423,315 $259,647,000 $204,021,009 $137,872,500 $139,447,500 $90,082,500 $99,257,500

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