Baltimore County News
Director, Baltimore County Office of Budget and Finance
The Baltimore County Council has voted to adopt County Executive Kevin Kamenetz's proposed budget for FY 2016 with only minor changes. The County’s General Fund Operating Budget for FY 2016 is $1.95 billion, an increase of 4.7% above the previous year. The budget is within the Council’s spending affordability guidelines.The FY 2016 capital budget is $870 million and adheres within sound financial debt ratios.
I invite you to take a look at the comprehensive budget originally proposed by the County Executive. Meanwhile, here is the FY 16 adopted budget at a glance:
Director, Office of Budget and Finance
Yesterday, the Baltimore County Council unanimously passed County Executive Kamenetz’s budget for Fiscal Year 15 with only minor changes. The County’s General Fund Operating Budget, subject to spending affordability, for FY 2015 is $1.75 billion, an increase of only 3.85% above the previous year. When including special funds, the total operating budget is $2.9 billion.
The budget holds the line on taxes and maintains our top bond rating.
No increase in property tax rate – 26th year in a row
No increase in income tax rate – 22nd year in a row
Maintains Triple AAA bond rating – one of only 38 counties in the nation
You may view details of the budget on the County web site. Here’s a quick overview of the total operating budget:
Revised April 6, 2016