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Baltimore County officials outline tight FY26 budget as revenues and borrowing strain planning
Summary
County Executive Kathy Klausmeier and budget director Kevin Reed told District 4 residents that Baltimore County faces a roughly $62 million gap in projected FY26 funding, constrained borrowing capacity and possible state cost shifts that will force difficult choices when the executive submits a balanced budget.
County Executive Kathy Klausmeier and Kevin Reed, director of Baltimore County’s Office of Budget and Finance, told residents at a District 4 budget town hall that the county must submit a balanced fiscal 2026 budget amid rising costs and constrained revenue.
Klausmeier and Reed laid out the budget “pie” and described several pressures shaping the FY26 plan, including increased labor and materials costs for capital projects, a prospective state action to shift teacher pension costs to local governments, and uncertainty in federal aid. Reed said federal aid is about 9% of the county’s revenues — “about $400,000,000” — and that county staff are meeting weekly to pursue reimbursements tied to grants.
Reed gave the scale of the county’s finances and the coming shortfall: the operating…
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