FY 25 Harford County Government Proposed 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 finance or reimburse the cost of special obligation bonds for certain public improvements relating to the district without constituting a general obligation of the County.

Debt Service TIF by Type

FY 22 Audited

FY 23 Audited

FY 24 Approved Budget

FY 25 Proposed Budget

Principal Payment (6101) County Bond

$310,000 $310,000

$405,000 $405,000

$0 $0

$0 $0

PRINCIPAL PAYMENT TOTAL

Interest Payments (6201) County Bond

$411,727 $411,727 $721,727

$432,075 $432,075 $837,075

$835,000 $835,000 $835,000

$830,800 $830,800 $830,800

INTEREST PAYMENTS TOTAL

TOTAL

584