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City projects $8.3 million FY25 shortfall as police, fire overtime and fleet costs drive deficits
Summary
Budget office reported an $8.3 million second-quarter shortfall in FY25 driven by higher sworn overtime, fleet upfitting costs and other agency deficits; administration imposed spending freezes for agencies with projected deficits.
Baltimore City’s budget office reported a second-quarter FY25 projection on Tuesday showing an $8.3 million shortfall driven by an estimated $30.9 million expenditure deficit against a $22.6 million revenue surplus.
Laura Larson, city budget director, told the Budget and Appropriations Committee the projection covers actuals from July 1 through Dec. 31 and reflects a $22.6 million revenue surplus driven largely by stronger-than-expected income tax and transfer/recordation receipts. Larson said the projection shows a $6.3 million shortfall in investment earnings and smaller revenue shortfalls in parking and…
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