FY2023 Adopted Operating and Capital Budget

FY2023 Adopted Budget Revenue Budgets

General Fund

Actual

Actual

Adopted

Adopted Change

2020

2021

2022

2023

%

Property Taxes Real Property Taxes Public Utility Taxes

326,269,232 344,871,888 370,279,086 398,277,208

7.6%

11,274,141

11,628,434

11,900,000

11,900,000

-%

Pers Prop Tax on Generation of Electricity Payment in Lieu Option Municipal Tax Differential Tax Credit - Homestead Tax Credit - Historic District Tax Credit - Income Based Tax Credit - Ag Land / Bldg Tax Credit - County Homeowner Tax Credit - Enterprize Zone Tax Credit - Vacant Commercial Tax Credit - Carroll Manor Rec Tax Credit - Retired Military Tax Credit - Forty Year

170,864

81,023

-

-

-%

348,098

516,261

450,000

550,000 22.2%

-

-

(9,881,568) (1,241,293)

(10,546,027)

6.7%

(849,286)

(949,760)

(3,201,840) 157.9%

-

- -

(500)

(1,000) 100.0%

(93,054)

-

-

-% -% -% -%

(1,260,796) (899,060)

(1,276,439) (896,306)

(1,300,000) (825,000) (13,500) (5,000) (100,000)

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

(11,067)

(13,259) (7,726) (89,864) (2,374)

(13,500)

-

(15,000) 200.0%

(111,908)

(100,000)

-% -%

(2,374)

(1,138)

(1,138)

-

(636)

(500)

(1,200) 140.0%

Tax Credit - Spouse of Fallen Emergency Worker Discount of Personal Property Taxes

-

(2,224)

(1,000)

(2,250) 125.0%

(854)

-

- - -

- - -

-% -% -%

Tax Sale - Rev / Exp

12,221

14,678

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

(556)

(269)

3,151,929 (2,193,777)

3,338,825 (2,253,963)

3,000,000 (2,250,000)

3,200,000 (2,400,000)

6.7% 6.7%

Property Taxes Total

335,803,753 354,958,289 370,009,587 395,520,253 6.9%

Income Taxes Income Taxes

246,930,060 289,489,750 264,578,574 307,265,361 16.1%

Other Taxes Recordation Taxes MD 911 Fees - Local

25,294,952 2,493,138

33,347,840 2,817,159

23,360,287 2,500,000

28,940,343 23.9%

2,500,000

-% -%

MD Security Interest Filing Fee

350

430

200

200

Other Taxes Total

27,788,440

36,165,429

25,860,487

31,440,543 21.6%

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

268,202 66,010

538,913 80,714

400,000 58,200

400,000 58,200

-% -% -% -%

-

3,400

500

500

Traders Licenses Plumbing Licenses

168,916 92,636

234,041 17,900

210,000 75,000

210,000

20,000 -73.3%

84