FY 25 Harford County Approved Operating Budget

DEBT SERVICE Tax Increment Financing: 661310 Principle, 662310 Interest

ORIGIN & PURPOSE: This account is a special fund for deposit of a certain portion of the real property tax collected in a development district and used to fnance or reimburse the cost of special obligation bonds for certain public improvements relating to the district without constituting a general obligation of the County.

Tax Increment Financing by Type

Debt Service TIF by Type

FY 22 Audited

FY 23 Audited

FY 24 Approved Budget

FY 25 Approved Budget

Principal Payment (6101) County Bond

$310,000

$405,000

$0

$0

PRINCIPAL PAYMENT TOTAL

$310,000

$405,000

$0

$0

Interest Payments (6201) County Bond

$411,727

$432,075

$835,000

$830,800

INTEREST PAYMENTS TOTAL

$411,727 $721,727

$432,075 $837,075

$835,000 $835,000

$830,800 $830,800

TOTAL

663