FY2011 by huanghengdong

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									                       Talbot County, Maryland
                             FY 2011 Proposed Budget




      FY 2011
General Fund Budget:

  $72,316,750




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        Talbot County, Maryland
                    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


FY 2008 Approved Budget            $86,234,000




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            Talbot County, Maryland
                          FY 2011 Proposed Budget


                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% ↓


                                                              3
          Talbot County, Maryland
                        FY 2011 Proposed Budget



                 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


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             Talbot County, Maryland
                           FY 2011 Proposed Budget



                  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




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                                   Talbot County, Maryland
                                                                FY 2011 Proposed Budget



                                                    General Fund Revenues
                                                        $72,316,750
                            Miscelaneous, 0.2%


                            Interest Income, 2.5%          Unexpended
                                                         Funds from Prior
                  General Government, 3.0%                 Years, 9.7%
             Licenses, Permits & Fees,
                        0.8%

State Shared Taxes, 0.1%

    Federal & State Grants, 2.3%
                                                                            Property Tax, 39.8%

                                     Other Local Taxes, 10.4%




                                                     Income Tax, 31.3%




                                                                                                  6
             Talbot County, Maryland
                            FY 2011 Proposed Budget


                     Property Taxes
                      $28,781,000



               Other Local Taxes
                    10.4%


Income Tax
   31.3%




                                          Property Tax
                                             39.8%




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             Talbot County, Maryland
                                FY 2011 Proposed Budget



                  County Property Tax Rates - 2010


County                Rate              County         Rate
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              8
                                                       *FY 2011 Proposed
           Talbot County, Maryland
                         FY 2011 Proposed Budget




Property Tax Rate Differentials (per $100 assessed value)


                            Rate         Difference
  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


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            Talbot County, Maryland
                                    FY 2011 Proposed Budget


                                Income Tax
                                $22,600,000

                             Unexpended
                           Funds from Prior
                             Years, 9.7%


                                              Property Tax, 39.8%
Other Local Taxes, 10.4%




           Income Tax, 31.3%




                                                                    10
             Talbot County, Maryland
                              FY 2011 Proposed Budget



                  County Income Tax Rates -CY 2009


County                Rate             County         Rate
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%   11
           Talbot County, Maryland
                                             FY 2011 Proposed Budget


                               Other Local Taxes
                         General Fund Reserve Balances



                        Propert Tax, 39.8%
                                                         Income Tax, 31.3%




                                                     Other Local Taxes,
                                                           10.4%
Unexpended Funds from
   Prior Years, 9.7%




                                                                             12
              Talbot County, Maryland
                                            FY 2011 Proposed Budget


                                 General Fund Expenditures
       Recreation & Pool Funds
                                        Benefits Trust
                1.7%
                                           1.5%
                      Other Education                    Impact Fees Reserves
Contingencies              1.9%                                  0.0%
    2.2%      Judicial
               2.7%
                          Roads
                           2.8%

               Health
                2.8%

                              Other
                          County Services
                              7.4%


                         General Government                          Talbot County Public
                               10.8%                                       Schools
                                                                            52.7%




                                   Public Safety
                                      13.4%




                                                                                            13
              Talbot County, Maryland
                                            FY 2011 Proposed Budget


                                             Public Schools
                                              $38,127,219      Benefits Trust
                                     Recreation & Pool Funds      1.5%
                     Contingencies            1.7%
                         2.2%



                            General Government
County Services                   10.8%
    7.4%
  Judicial
   2.7%                                                                         Talbot County Public
                                                                                      Schools
                                                                                       52.7%

                  Public Safety
    Health           13.4%
     2.8%




                            Roads
                            2.8%

                                  Other Education
                                       1.9%
                                                                                                       14
Talbot County, Maryland
                FY 2011 Proposed Budget



                Public Safety
                 $9,696,177



                           Talbot County Public Schools
                                     52.7%




Public Safety
   13.4%
                                                          15
                  Talbot County, Maryland
                                            FY 2011 Proposed Budget


                                           County Services


                                                Talbot County Public
                                                      Schools
                                                       52.7%


                  General Government
                        10.8%


                                                               Public Safety
                                                                  13.4%




County Services
    7.4%

                        Judicial
                         2.7%
                                       Health
                                                Roads
                                        2.8%
                                                2.8%


                                                                               16
                               Talbot County, Maryland
                                                  FY 2011 Proposed Budget


                                         General Government
General Government                           $7,798,809
      10.8%




                                                           Talbot County Public Schools
                                                                     52.7%
                     County Services
                         7.4%



                                  Public Safety
                                     13.4%




                                                                                          17
                        Talbot County, Maryland
                                        FY 2011 Proposed Budget



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




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         Talbot County, Maryland
                  FY 2011 Proposed Budget




   Provide Adequate Level of Services
Preserve Financial Stability in the Face of
         Economic Uncertainty
 Make Best Use of Available Resources




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       Talbot County, Maryland
                 FY 2011 Proposed Budget




      For More Information on the
FY 2011 Proposed Budget and Bill No. 1182
           Visit Our Website:


        www.talbotcountymd.gov



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Talbot County, Maryland
      FY 2011 Proposed Budget




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