FY 26 Proposed Capital Budget Book
Harford Academy Major Project
BOARD OF EDUCATION Project Number:
Expended/Encumbered as of 2/4/25: $1,857,575
B244110
Council District:
E
Location:
Bel Air
Project Schedule/Status: Request LP approval from State: FY 2026 Design: September - January 2024 Bid: February 2026
Expended/Enc.
Budget
Construction: March 2026 Completion: August 2028
PROJECT DESCRIPTION: Built in 1971, Harford Academy (HA) is the only public separate day school serving students ages three to twenty-one with severe and profound disabilities within Harford County. This project will build a new combination school facility. Harford County Government supports the Harford Academy Project and worked with HCPS to evaluate property within the Priority Funding Area (PFA) as an alternative location for this facility.
EXPENDITURE SCHEDULE
Cost Element
Prior
FY 2026 Approp Total
FY 2027
FY 2028
FY 2029 FY 2030 FY 2031
TOTAL
Engineering/Design Land Acquisition
16,000,000 5,077,000 21,077,000
21,077,000
0
0
Construction
20,923,000 20,923,000 59,000,000 41,120,000
121,043,000 1,880,000 12,000,000
Inspection Fees
0 1,000,000
880,000
Equipment/Furnishing
0
12,000,000
Total Cost:
16,000,000 26,000,000 42,000,000 60,000,000 54,000,000
0
0
0 156,000,000
FUNDING SCHEDULE
R7920 State Bonds R7000 Future Bonds R7100 Prior Bonds
0 20,000,000 10,000,000
30,000,000 110,000,000 16,000,000
26,000,000 26,000,000 40,000,000 44,000,000
16,000,000
16,000,000
0 0
0 0
Total Cost:
16,000,000 26,000,000 42,000,000 60,000,000 54,000,000
0
0
0 156,000,000
ESTIMATED OPERATING BUDGET IMPACT: Estimated Debt Service
FY 2026
FY 2027
FY 2028
FY 2029 FY 2030 FY 2031
TOTAL
6,328,350
1,205,400 1,145,130 1,084,860 1,024,590 964,320 904,050
138
Made with FlippingBook flipbook maker