Harford County, Maryland FY 24 Proposed Operating Budget

BUSINESS PLAN DEBT BURDEN ANALYSIS Fiscal Years 2022-2029

Original Budget

Proposed 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

4,378,696

4,510,057

4,645,359

4,784,719

4,928,261

5,076,109

General Government

56,870,876

64,149,194

53,177,556

54,772,883

56,416,069

58,108,551

59,851,808

61,647,362

Education

311,887,353 344,119,463 344,119,463 354,443,047 365,076,338 376,028,628 387,309,487 398,928,772

Harford Center

620,193

682,212

694,745

715,587

737,055

759,167

781,942

805,400

Judicial Libraries

11,159,781 18,890,693

14,010,613 20,886,654

14,105,355 20,885,407

14,528,516 21,511,969

14,964,371 22,157,328

15,413,302 22,822,048

15,875,701 23,506,710

16,351,972 24,211,911

Parks & Recreation

10,453,546 15,086,764 Public Safety 125,309,206 154,640,874 166,075,297 171,057,556 176,189,283 181,474,961 186,919,210 192,526,786 Public Works 60,907,627 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 14,429,499 14,862,384 15,308,255 15,767,503 16,240,528 16,727,744 Other Financing Uses 41,466,345 45,911,000 36,216,604 37,303,102 38,422,195 39,574,861 40,762,107 41,984,970 Debt Service (3) General Obligation Debt 57,406,263 61,118,379 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 $710,389,087 $816,700,825 $832,312,000 $855,605,114 $881,861,882 $908,344,928 $936,255,796 $964,606,843 13,759,917 13,013,975 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

59,052,475

6,600,000

33,690,000

34,040,000

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

5,527,500

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

87,702,000

73,327,125

18,675,000

47,485,000

47,815,000

19,225,000

$218,809,000 $277,423,315 $229,305,000 $189,652,100 $86,092,500 $139,097,500 $144,562,500 $99,257,500

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