FY 27 Proposed Capital Budget

Harford Academy Major Project

BOARD OF EDUCATION Project Number:

Expended/Encumbered as of 2/3/26: $9,255,121

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 2027 Approp Total

FY 2028

FY 2029

FY 2030 FY 2031 FY 2032

TOTAL

Engineering/Design Land Acquisition

21,077,000

21,077,000

21,077,000

0

0

Construction

20,923,000 79,000,000 99,923,000 73,120,000

173,043,000

Inspection Fees

0 880,000 0 12,000,000

880,000

Equipment/Furnishing

12,000,000 207,000,000

Total Cost:

42,000,000 79,000,000 121,000,000 86,000,000

FUNDING SCHEDULE

R7920 State Bonds R7100 Prior Bonds R7000 Future Bonds

24,000,000 24,000,000 26,000,000

50,000,000 42,000,000 115,000,000

42,000,000

42,000,000

55,000,000 55,000,000 60,000,000

0 0

0 0

Total Cost:

42,000,000 79,000,000 121,000,000 86,000,000

207,000,000

ESTIMATED OPERATING BUDGET IMPACT: Estimated Debt Service

FY 2027

FY 2028

FY 2029

FY 2030 FY 2031 FY 2032

TOTAL

17,008,950

3,239,800 3,077,810 2,915,820 2,753,830 2,591,840 2,429,850

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