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Anne Arundel County proposes $2.401 billion FY26 general fund; property tax rate trimmed, parking tax raised

3340125 · May 15, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

County budget officer presented the County Executive’s FY26 proposed general fund: $2.401 billion, a 3.8% increase from FY25; property tax rate reduced to 97.7¢ per $100 assessed value and local parking tax raised to $1 per 24 hours. The proposal funds a record school allocation and maintains reserves for federal funding risk.

Chris Trumbauer, the county budget officer, presented an overview of County Executive Stuart Pittman’s proposed fiscal year 2026 operating budget at the Anne Arundel County Council public hearing on May 14, 2025. The proposed FY26 general fund is $2,401,417,800, an increase of $89 million, or about 3.8% from the adopted FY25 budget. "I am pleased to report that the fiscal foundation of Anne Arundel County remains strong," Trumbauer told the council and attendees.

The proposal holds the local income tax rates steady, reduces the proposed property tax rate to 97.7 cents per $100 of assessed value — a 0.7-cent reduction from the current 98.3 cents — and raises the local parking tax from 60 cents per 24 hours to $1 per 24 hours, the first parking tax increase since 1999. The budget office said all recurring expenses are funded with recurring revenues and that the proposed budget is balanced. The county is also holding an additional $10…

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