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Talbot County, Maryland

Talbot County, Maryland. FY 2011 General Fund Budget: $72,316,750. FY 2011 Proposed Budget. FY 2011 Proposed Budget $72,316,750 FY 2010 Approved Budget $77,772,000 FY 2009 Approved Budget $82,000,000

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Talbot County, Maryland

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  1. TalbotCounty, Maryland FY 2011 General Fund Budget: $72,316,750 FY 2011 Proposed Budget

  2. FY 2011 Proposed Budget $72,316,750 FY 2010 Approved Budget $77,772,000 FY 2009 Approved Budget $82,000,000 FY 2008 Approved Budget $86,234,000 TalbotCounty, Maryland FY 2011 Proposed Budget

  3. A Startling Slowdown • FY 2011 Revenues that are projected to be lower than FY 2008 actual: • Income Tax 28.5%↓ • Recordation Tax 28.5%↓ • Transfer Tax 23.8%↓ • Highway User Revenues 97.5%↓ • Licenses & Permits 14.1%↓ • Federal & State Grants 61.3%↓ • Interest Income 27.8%↓ TalbotCounty, Maryland FY 2011 Proposed Budget

  4. Budget Highlights • $7 million of the General Fund reserve balance used • No tax increases • 10 full time positions eliminated • No salary increases • Reduced County funding to almost every Department • No transfers to the Capital Projects Fund TalbotCounty, Maryland FY 2011 Proposed Budget

  5. FY 11 Budget Increases • The Talbot County Public Schools • Fully funds the Schools Budget request • Debt Service • over 88% is for Public School facilities • Elections • Reserve for Contingencies TalbotCounty, Maryland FY 2011 Proposed Budget

  6. TalbotCounty, Maryland FY 2011 Proposed Budget

  7. TalbotCounty, Maryland FY 2011 Proposed Budget

  8. County Property Tax Rates - 2010 CountyRateCountyRate Baltimore City $2.268 Cecil $0.940 Prince George’s $1.319 Somerset $0.900 Howard $1.150 Dorchester $0.896 Baltimore $1.100 Calvert $0.892 Harford $1.082 Anne Arundel $0.876 Frederick $1.064 Caroline $0.870 Carroll $1.048 St. Mary’s $0.857 Charles $1.026 Montgomery $0.826 Garrett $0.990 Wicomico $0.759 Allegany $0.9829 Queen Anne’s $0.770 Kent $0.972 Worcester $0.700 Washington $0.948 Talbot* $0.432 *FY 2011 Proposed TalbotCounty, Maryland FY 2011 Proposed Budget

  9. Property Tax Rate Differentials (per $100 assessed value) RateDifference Unincorporated Areas $0.432 -- Easton $0.302 $0.130 Oxford $0.318 $0.114 Queen Anne $0.374 $0.058 St. Michaels $0.308 $0.124 Trappe $0.347 $0.085 TalbotCounty, Maryland FY 2011 Proposed Budget

  10. TalbotCounty, Maryland FY 2011 Proposed Budget

  11. County Income Tax Rates -CY 2009 CountyRateCountyRate Howard 3.20% Kent 2.85% Montgomery 3.20% Queen Anne’s 2.85% Prince George’s 3.20% Baltimore 2.83% Somerset 3.15% Calvert 2.80% Wicomico 3.10% Cecil 2.80% Harford 3.06% Washington 2.80% Allegany 3.05% Garrett 2.65% Baltimore City 3.05% Caroline 2.63% Carroll 3.05% Dorchester 2.62% St. Mary’s 3.00% Anne Arundel 2.56% Frederick 2.96% Talbot 2.25% Charles 2.90% Worcester 1.25% TalbotCounty, Maryland FY 2011 Proposed Budget

  12. TalbotCounty, Maryland FY 2011 Proposed Budget

  13. TalbotCounty, Maryland FY 2011 Proposed Budget

  14. TalbotCounty, Maryland FY 2011 Proposed Budget

  15. TalbotCounty, Maryland FY 2011 Proposed Budget

  16. TalbotCounty, Maryland FY 2011 Proposed Budget

  17. TalbotCounty, Maryland FY 2011 Proposed Budget

  18. General Fund Balance at June 30, 2009 $41.2 million FY 2010 Appropriation/Other Obligated Funds (18.6 million) Emergency Reserve (“Rainy Day”) (10.8 million) Discretionary Balance 11.8 million Projected FY 2010 Shortfall (1.5 million) Needed to Balance FY 2011 Budget (7.0 million) Remaining Discretionary Balance for FY 2012 $3.3 million TalbotCounty, Maryland FY 2011 Proposed Budget

  19. Provide Adequate Level of Services Preserve Financial Stability in the Face of Economic Uncertainty Make Best Use of Available Resources TalbotCounty, Maryland FY 2011 Proposed Budget

  20. TalbotCounty, Maryland For More Information on the FY 2011 Proposed Budget and Bill No. 1182 Visit Our Website: www.talbotcountymd.gov FY 2011 Proposed Budget

  21. TalbotCounty, Maryland FY 2011 Proposed Budget

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