FY 25 Harford County Approved Operating Budget

DEBT SERVICE Highways Fund: 661250 Principal, 662250 Interest

ORIGIN & PURPOSE: It is Harford County's practice to conduct an annual bond sale contingent on capital project needs and the economic conditions of the bond market. Prior to selling bonds, the County will issue Bond Anticipation Notes (short term fnancing) to start the construction of capital projects based on cash fow needs.

Highways Fund by Type

Debt Service Highways Fund by Type

FY 22 Audited

FY 23 Audited

FY 24 Approved Budget

FY 25 Approved Budget

Principal Payment (6101) County Bond

$1,352,642

$1,625,686

$1,790,874

$1,957,956

PRINCIPAL PAYMENT TOTAL

$1,352,642

$1,625,686

$1,790,874

$1,957,956

Interest Payments (6201) County Bond

$789,126

$959,697

$1,055,565

$1,134,469

INTEREST PAYMENTS TOTAL

$789,126

$959,697

$1,055,565 $2,846,439

$1,134,469 $3,092,425

TOTAL

$2,141,768

$2,585,383

FY 25 Proposed Capital Projects Bridge Projects: Abingdon Road Bridge #169: $2,300,000 Boggs Road Bridge #66: $1,300,000 Bridge & Culvert Rehabilitation: $1,750,000 Fawn Grove Road Bridge #132: $500,000 Glenville Road Bridge #30: $80,000 Grier Nursery Road Bridge #43: $40,000 Hookers Mill Road Bridge #13: $100,000 Moores Road Bridge #78: $80,000 St. Clair Bridge Road Bridge #100: $80,000

Roadways Projects: Bel Air S. Parkway at Blue Spruce Rd: $100,000 Grafton Shop at Rt. 23 Intersection: $150,000 Intersection Improvements: $400,000 Joppa Farm Road: $500,000 Tollgate Road/Vale Road Corridor: $200,000 US Route 40 Shared US Trail: $100,000 Woodley Rd Extension to MD 715: $4,000,000 Miscellaneous Projects: Abingdon Highways Facility Salt Dome: $600,000 Land Acquisition for Highways Projects: $100,000

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