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St. Mary’s County finance staff say income tax distribution close to projection; fund-balance options on table
Summary
County finance staff reported an income tax distribution of $33.8 million and a baseline revenue growth projection of about 3.8%. Officials outlined $8.2 million in eligible, nonrecurring requests and asked commissioners to weigh fund-balance uses ahead of the March budget approval schedule.
St. Mary’s County finance staff told commissioners that the county received an income tax distribution of $33,800,000 this cycle and that their baseline revenue projection remains roughly 3.8% growth for the next fiscal year.
The county’s finance director team, led in the presentation by Vanetta Van Cleef, CFO, explained the two-line presentation in the packet: a broad total that includes nonrecurring fund-balance uses from FY25 and a bottom-line projection that reflects recurring revenue increases. "It came in at $33,800,000," Van Cleef said when announcing the distribution, and later the team reiterated that the projected recurring revenue…
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