FY2022 Adopted Operating and Capital Budget

FY2022 Adopted Budget Revenue Budgets

General Fund

Actual

Actual

Adopted

Adopted Change

2019

2020

2021

2022

%

Property Taxes Real Property Taxes Public Utility Taxes

313,135,655 326,269,232 352,988,614 370,279,086

4.9% 2.5%

11,162,077

11,274,141

11,608,356

11,900,000

Pers Prop Tax on Generation of Payment in Lieu Option Municipal Tax Differential Tax Credit - Homestead Tax Credit - Historic District Tax Credit - Income Based Tax Credit - State Reimbursement 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

-

170,864 348,098

-

-

-%

665,180

665,000

450,000 -32.3%

-

-

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

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

-1.5% 22.1%

(824,323)

(849,286)

(466)

-

(1,000)

(500) -50.0%

(112,245)

(93,054)

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

- -

-100.0% -100.0%

8,718

-

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

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

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

-% -%

- -

(11,067)

(10,000)

(13,500) (5,000)

35.0%

-

-

-%

(116,099)

(111,908)

(120,000)

(100,000) -16.7%

(1,138)

(2,374)

(1,138)

(1,138)

-% -%

-

-

-

(500)

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

-

-

-

(1,000)

-%

-

(854)

- - -

- - -

-% -% -%

Tax Sale - Rev / Exp

(36,085)

12,221

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

(363)

(556)

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

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

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

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

3.4% 4.7%

Property Taxes Total

322,868,437 335,803,753 352,711,294 370,009,587 4.9%

Income Taxes Income Taxes

236,272,579 246,930,060 236,230,870 264,578,574 12.0%

Other Taxes Recordation Taxes MD 911 Fees - Local

24,436,376 1,648,276

25,294,952 2,493,138

22,733,200 1,900,000

23,360,287

2.8%

2,500,000 31.6%

MD Security Interest Filing Fee

425

350

200

200

-%

Other Taxes Total

26,085,077

27,788,440

24,633,400

25,860,487 5.0%

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

416,030 65,895

268,202 66,010

400,000 58,200

400,000 58,200

-% -% -%

-

-

500

500

82