FY 24 APPROVED OPERATING BUDGET

TAX INCREMENT FINANCING

FINANCIAL NOTES:

FY 24 Approved Budget

2,665,000

FY 23 Approved Budget

1,902,000

$ increase

763,000

% increase

40.12 %

FY 23

FY 24

CHANGE EXPLANATION OF INCREASE/DECREASE - REVENUES

1,900,000 2,612,700

712,700 REAL PROPERTY/SPECIAL TAX

FY 24 will be the ninth year that Harford County will be assessing a Real Property/ Special Tax for Beechcreek Estates Development

2,000

52,300

50,300 INVESTMENT INCOME

Estimated investment income anticipated for Beechcreek accumulated cash balance.

FY 23

FY 24

CHANGE EXPLANATION OF INCREASE/DECREASE - EXPENDITURES

435, 000

420 ,000

(5,000)

Interest - Beechcreek

415,000

405,000

(405,000)

Principal - Beechcreek

30,000

30,000

0

Services Costs - Cost of Issuance Beechcreek

1,032,000 1,800,000

768,000 Other Contingencies

246