FY 26 Approved Operating Budget

HARFORD COUNTY MARYLAND FISCAL YEAR BUDGET SUMMARY

While the Administration follows the standardized Annual Budget Process, the development of each fiscal year's budget in unique. Consideration must be given to the current- and projected economic conditions, the changing wants and needs of our citizens, and our operational requirements, all of which must be weighed against the fiscal policies and management techniques adopted by the Administration. In developing our Fiscal Year 2026 Operating and Capital Budgets we maintained essential services while focusing on fiscal responsibility for our citizens and employees. This budget provides for major investments in public safety and funding for our schools without raising taxes.

REVENUES

ALL FUNDS FY 26 Approved Budget FY 25 Approved Budget

1,039,641,000 975,324,500

$ Increase % Increase

64,316,500

6.59%

FUNDING SOURCE

REVENUE SOURCE Property Taxes

General Highways

816,565,000 73,872,000

375,091,950 342,000,000 60,528,600

Income Taxes

Parks & Recreation

853,000

W & S User Charges W & S Capital Charges Intergovermental/ State-Shared Other Local Taxes & Assessments Fund Balance/Net Assets

Ag Preservation - County

18,500,000

8,622,000

Ag Preservation - State

170,000

15,690,000

Tax Increment Financing Water & Sewer Operating Water & Sewer Debt Service Watershed Management Fund

2,800,000

24,023,500 106,111,000 103,333,950

101,201,000 12,360,000

Other Revenue

9,080,000

FY 26 TOTAL ALL FUNDS

FY 26 TOTAL ALL REVENUES

1,035,401,000

1,035,401,000

REVENUES

For Fiscal Year 2026, Property and Income Tax revenues are estimated to generate 68% of the total of all revenue.

Property Taxes FY 26 Approved Budget FY 25 Approved Budget

375,091,950 36.08% of the Total All Funds FY 26 Operating Budget 354,198,690 36.32% of the Total All Funds FY 25 Operating Budget

$ Increase % Increase

20,893,260

5.90%

129