FY 25 Harford County Government Proposed Operating Budget

DEBT SERVICE Watershed Management Fund: 661290 Principal, 662290 Interest

ORIGIN / PURPOSE: This account is a special fund for deposit of a certain portion of the recordation tax, $0.55 for each $500 of the sale price (or lien amount) for each property deed recorded. The proceeds of this fund are used for the County’s watershed protection and restoration program as mandated under State of Maryland law. The State requires a separate fund be established for this purpose.

Debt Service Watershed Management by Type

FY 22 Audited

FY 23 Audited

FY 24 Approved Budget

FY 25 Proposed Budget

Principal Payment (6101) County Bond

$813,268 $813,268

$932,774 $932,774

$1,138,590 $1,138,590

$1,309,514 $1,309,514

PRINCIPAL PAYMENT TOTAL

Interest Payments (6201) County Bond

$543,065 $543,065

$590,867 $590,867

$783,159 $783,159

$881,516 $881,516

INTEREST PAYMENTS TOTAL

TOTAL

$1,356,333

$1,523,640

$1,921,749

$2,191,030

The following is a list of capital projects included in the FY 25 Proposed Capital Budget: Watershed Management Projects:

Bynum Run Watershed Restoration Improvements: $3,100,000 County Owned Watershed Restoration Improvements: $5,200,000 Riverside Area Watershed Restoration: $400,000

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