From Calvert County, Maryland:
The Board of County Commissioners (BOCC) approved a $282.8 million Fiscal Year (FY) 2018 general fund operating budget by a vote of 4 to 1. It is a balanced budget with no tax rate increase and no use of fund balance.
The county expects to receive the first payment in lieu of taxes (PILOT) payment from the Dominion Energy Cove Point LNG Terminal in FY 2018, which will add approximately $25 million to general fund revenues.
“This budget clearly reflects our priorities while addressing the issues facing Calvert County,” said board President Tom Hejl. “In FY 2018, we will continue to exercise conservative financial management for the good of our citizens. This budget puts Calvert County in a strong fiscal position.”
The FY 2018 budget features an additional $36 million more for the operating budget than in the prior fiscal year. This increased spending is largely due to the fact that staffing needs, equipment purchases, pay increases and payments toward retiree benefits were deferred during the recession years. Some of the specifics are:
- $1.4 million more for health insurance
- $2 million more for county road paving
- $2 million more for vehicles and equipment
- $2.5 million for employee salary increases
- $3.4 million more for new staffing, new equipment and new initiatives
- $6 million additional for Calvert County Public Schools
- $17.9 million for Other Post Employment Benefit costs (OPEB)
About 49.9 percent, or $141 million, of the county’s general operating budget is committed to public school operations, infrastructure costs and the schools’ OPEB, which represents an increase of 16.3 percent, or $19.8 million.
In addition, the six-year Capital Improvement Plan (CIP) lays out the county’s capital program for FY 2018-2023, totaling $273.7 million. School construction and renovations account for $103.6 million of the CIP budget, with significant resources focused on the replacements of Northern High and Beach Elementary schools.
Click here to review the budget in its entirety.