FY 27 Proposed Operating Budget

First page Table of contents Previous page 56 Next page Last page

BUSINESS PLAN DEBT BURDEN ANALYSIS Fiscal Years 2025-2032

Actual

Original Budget Proposed Budget

Projection

2021

2025

2026

2027

2028

2029

2030

2031

2032

Expenditures (1) (2)

County Council

$ 3,076,718 $ 4,086,210 $ $ 58,852,218 48,535,806 $ 294,475,709 341,234,208 $ 10,010,969 14,002,524 $ 18,339,690 20,885,407 $ 9,896,677 11,625,032 $ 117,319,709 173,425,018 $ 57,412,589 86,207,497 $ 11,483,661 13,399,675 $ 27,403,445 34,630,548 $ 604,012 721,341

5,444,678 $ 57,155,446 $

5,785,104 $

5,958,657 $

6,137,417 $

6,321,539 68,400,407

6,511,186 70,452,419

6,706,521 72,565,992 461,992,630 20,716,560 26,489,169 16,140,231 240,835,068 124,185,305 18,808,687 52,239,997 859,070

General Government

62,596,062

64,473,944 410,474,468

66,408,162 422,788,702

Education

371,261,146 $ 398,518,901

435,472,363 448,536,534

Harford Center

721,341

741,041

763,272

786,170

809,756

834,048

Judicial Libraries

16,744,343 $ 21,512,084 $ 13,542,676 $

17,870,287 22,849,790 13,922,705

18,406,396 23,535,284 14,340,386 213,978,838 110,337,035 16,711,275 46,414,560

18,958,587 24,241,342 14,770,598 220,398,204 113,647,146 17,212,613 47,806,997

19,527,345 24,968,582 15,213,716

20,113,165 25,717,640 15,670,127

Parks and Recreation

Public Safety Public Works Social Services

193,307,981 $ 207,746,445 100,835,534 $ 107,123,335

227,010,150 233,820,454 117,056,560 120,568,257

15,406,463 $ 29,380,523 $

16,224,539 45,062,680

17,728,992 49,241,207

18,260,862 50,718,443

Other Financing Uses

Debt Service (3)

General Obligation Debt Other Debt Expenses

101,337,834

55,960,900 63,018,314

65,014,785 9,190,000

71,894,611 8,220,000

85,874,671 8,220,000

91,440,097 8,220,000

98,445,362 100,539,665

255,326

6,644,420

8,220,000

Total Expenditures

$ 665,091,623 818,416,000 $ $ 899,517,000 $ 978,555,500 1,019,488,787 $ $ 1,052,816,036 1,088,415,979 $ $ 1,119,962,801 1,151,097,064 $

Capital Plan

General Fund Bonds

40,345,000 62,950,000

96,907,500 11,200,700 13,050,000

130,940,000 15,000,000 13,940,000

104,601,200 14,250,000

45,788,200 15,750,000 5,715,000

14,105,000 16,750,000 7,320,000

15,654,000 17,800,000 8,635,000

11,140,000 18,902,500 7,380,000

Watershed Management Bonds

8,700,000

Highway Fund Bonds Water and Sewer Bonds

15,355,000 12,380,000 5,850,000 16,050,000

7,100,000

Pay-as-you-go General Fund

12,255,905 14,352,000

7,480,077 2,750,000 12,616,600 23,867,338 84,915,514

23,551,000

12,281,474 3,750,000 13,025,000 43,335,000 65,184,500

11,781,474 4,250,000 14,335,000 25,485,000 33,212,500

11,981,474 4,250,000 14,525,000 25,735,000 18,525,000

11,890,000 4,250,000 16,345,000 10,535,000 22,425,000

12,090,000 4,250,000 17,425,000 10,035,000 20,790,000

Stormwater Fund

1,500,000

600,000

Highway Fund

12,975,968 14,284,000

10,050,000 54,790,000 115,643,265

Water and Sewer Fund Other Sources (All Funds)

4,350,000

7,508,000

53,959,127 125,904,000

Total Capital Plan

$ 145,091,000 263,628,000 $ $ 252,787,729 $ 364,514,265 $ 263,527,174 $ 156,317,174 $ 113,191,474 107,534,000 $ $ 102,012,500

Actual

Projection Proposed Budget

Projection

2021

2025

2026

2027

2028

2029

2030

2031

2032

General Obligation Outstanding July 1

$ 448,291,779 488,409,237 $ $ 500,570,649 $ 543,102,835 $ 595,036,793 $ 637,802,473 $ 677,015,532 711,041,489 $ $ 744,671,129

Additions

52,215,000 56,000,000

129,036,260 86,504,074

100,000,000 48,066,042

100,000,000 57,234,320

100,000,000 60,786,941

100,000,000 100,000,000

100,000,000

Less Principal Repayments & Redu 39,939,223 43,838,588 64,182,505 General Obligation Outstanding June 30 460,567,556 $ $ 500,570,649 543,102,835 $ $ 595,036,793 $ 637,802,473 $ 677,015,532 $ 711,041,489 744,671,129 $ $ 780,488,624 65,974,043 66,370,360

Population (4)

260,256

266,585

269,251

271,943

274,663

277,409

280,184

282,985

285,815

Per Capita Income

64,085

85,176

86,028

86,888

87,757

88,634

89,521

90,416

91,320

Taxable Property Value (5) Taxable Assessed Valuation (000 o $ 30,808,579 $ 35,707,488 $ 37,353,104 $

39,449,858 $

40,238,855 $

41,043,632 $

41,864,505 $ 42,701,795 $ 43,555,831

Debt Ratios

General Obligation Debt Service as % of Expenditures General Obligation Debt Per Capita General Obligation Debt as % of Assessed Valuation

8.4%

7.7%

7.2%

7.3%

8.4%

8.7%

9.0%

8.8%

$1,770

$1,878

$2,017

$2,188

$2,322

$2,440

$2,538

$2,631

$2,731

1.5%

1.4%

1.5%

1.6%

1.7%

1.8%

Policy Ratios

as % of Expenditures

10.0%

General Obligation Debt Per Capita General Obligation Debt as % of Assessed Valuation

2500

2.3%

(1) Growth for departments is 3% for all years beyond that. (2) These expenditures include General,Highway, & Watershed Funds only. (3) Includes principal and interest (4) Estimated at the compound annual growth rate of 1% for future periods (5) Estimated at the compound annual growth rate of 2% for all years beyond that.

Made with FlippingBook Digital Proposal Maker