FY2021 Adopted Budget

FY2021 Adopted Budget Revenue Budgets

General Fund

Actual

Actual

Adopted

Adopted Change

2018

2019

2020

2021

%

Property Taxes Real Property Taxes Public Utility Taxes Payment in Lieu Option Municipal Tax Differential Tax Credit - Homestead Tax Credit - Historic District Tax Credit - Income Based Tax Credit - State Reimburseme Tax Credit - Ag Land / Bldg Tax Credit - County Homeowner

298,553,142 313,135,655 335,006,006 352,988,614

5.4% 1.0%

10,608,058

11,162,077

11,492,970

11,608,356

413,821

665,180

555,373

665,000 19.7%

-

-

(9,698,262) (826,034)

(10,026,980) (1,016,558)

3.4%

(794,264)

(824,323)

23.1%

(698)

(466)

(1,000)

(1,000)

-%

(96,884) 365,143

(112,245)

(3,250,000) 3,250,000 (1,200,000) (750,000)

(1,000,000) -69.2% 1,000,000 -69.2%

8,718

(1,156,357) (687,392)

(1,201,790) (768,756)

(1,300,000) (825,000)

8.3%

10.0%

Tax Credit - Forty Year Tax Credit - Golden Mile

-

- -

-

(10,000)

-%

(6,462) (89,301) (1,138)

(10,000) (120,000)

-

-100.0%

Tax Credit - Vacant Commercial Tax Credit - Carroll Manor Rec

(116,099) (1,138) (36,085)

(120,000)

-% -% -% -%

(1,138)

(1,138)

Tax Sale - Rev / Exp

55,385

- -

- -

Property Tax - Over /Under Interest on Property Taxes Discount on Property Taxes

(474)

(363)

2,816,514 (1,957,485)

3,009,201 (2,051,129)

2,850,000 (2,100,000)

2,900,000 (2,150,000)

1.8% 2.4%

Property Taxes Total

308,021,608 322,868,437 335,197,915 352,711,294 5.2%

Income Taxes Income Taxes

217,210,924 236,272,579 227,145,067 236,230,870

4.0%

Other Taxes Recordation Taxes MD 911 Fees - Local

21,452,057

24,436,376 1,648,276

22,031,887 1,600,000

22,733,200

3.2%

- -

1,900,000 18.8%

MD Security Interest Filing Fee

425

200

200

-%

Other Taxes Total

21,452,057

26,085,077

23,632,087

24,633,400 4.2%

Licenses & Permits Liquor Lic - Beer / Wine Liquor Lic - Application Fee Liquor Lic - Postponement Fee

405,726 74,916

416,030 65,895

400,000 58,200

400,000 58,200

-% -% -% -%

950

-

500

500

Traders Licenses Plumbing Licenses Electrical Licenses Marriage License

213,967 86,940 44,952 19,315

201,465 15,728 126,777 23,483

210,000 55,000 50,000 17,500

210,000

15,000 -72.7% 110,000 120.0% 20,000 14.3%

74