Prince George’s County Executive Rushern Baker recently released his proposed fiscal 2015 budget. The overall budget totals $3.41 billion and includes additional funding for education and public safety.
From the county’s press release:
The Prince George’s County Office and Management and Budget eliminated an $111 million deficit to balance the FY 2015 budget. Through utilization of four “clusters” of government agencies – public safety, economic development, health and human services, and government operations – the county was able to close the this deficit by setting spending priorities, eliminating duplicate services and not filling vacant positions. The FY 2015 budget does not include any furloughs or layoffs for Prince George’s County employees or any significant reduction in County services.
The FY 2015 revenue forecast represents an increase to the General Fund of $137 million over fiscal year 2014. This is primarily driven by an increase in outside aid and an increase in taxes directly related to a recovering housing market. The proposed fiscal year 2015 General Fund budget also includes $1.6 billion in County revenue sources and $1.3 billion in outside aid. The FY 2015 budget includes increased funding toward education and public safety over FY 2014.
According to the Prince George’s County Charter, the proposed budget must be submitted by March 15, 2014 to the Prince George’s County Council and the Council must approve the budget by June 1, 2014.