FY 27 Proposed Operating Budget

GOALS: Stability and Growth: Generate and retain quality employment opportunities among Harford County-based companies to increase tax revenue Development and Attraction: Market the County for its premiere mid-Atlantic location, business climate, community resources, and robust logistics Entrepreneurial Innovation: Maximize co-located services in support of business startups and entrepreneurs Strategic Alliances: Support strategic alliances through leadership, financial, and consultation services in order to leverage opportunities within northeastern Maryland and the Greater Baltimore Region.

DEPARTMENT SUMMARY BY CHARACTER

Economic Development DEPARTMENT by Character

FY 24 Audited FY 25 Audited FY 26 Approved Budget FY 27 Proposed Budget

SALARIES AND WAGES CONTRACTUAL SERVICES SUPPLIES AND MATERIALS BUSINESS AND TRAVEL

$1,413,728

$1,549,620 $1,050,560

$1,814,386 $1,334,350

$1,952,177 $1,399,550

$283,007 $22,176 $20,976

$70,886 $61,356

$23,125 $43,020

$188,050

$86,800

CAPITAL OUTLAY MISCELLANEOUS

$40

$0

$0

$0

$2,143,939

$1,100,179

$2,075,500

$1,965,000

INTER-GOVERNMENTAL / INTER-FUND EXPENDITURES

$143

$28

$0

$0

TOTAL

$3,884,009

$3,832,628

$5,290,381

$5,591,577

DEPARTMENT SUMMARY BY FUND

Economic Development DEPARTMENT by Fund

FY 24 Audited

FY 25 Audited FY 26 Approved Budget

FY 27 Proposed Budget

GENERAL FUND GENERAL FUND

$3,884,009 $3,884,009 $3,884,009

$3,832,628 $3,832,628 $3,832,628

$5,290,381 $5,290,381 $5,290,381

$5,591,577 $5,591,577 $5,591,577

GENERAL FUND TOTAL

TOTAL

DEPARTMENT SUMMARY BY DIVISION

Economic Development DEPARTMENT by Division

FY 24 Audited FY 25 Audited FY 26 Approved Budget FY 27 Proposed Budget

ECONOMIC DEVELOPMENT OFFICE OF ECONOMIC DEVELOPMENT

$2,212,004

$1,728,422

$2,650,469

$2,321,697

AGRICULTURAL SERVICES

$0

$294,024

$467,847

$484,639

TOURISM

$1,672,006

$1,810,182

$2,172,065

$2,785,241

HOUSING SERVICES

$0

$0

$0

$0

ECONOMIC DEVELOPMENT TOTAL

$3,884,009 $3,884,009

$3,832,628 $3,832,628

$5,290,381 $5,290,381

$5,591,577 $5,591,577

TOTAL

622