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Board hears capital-budget changes: many parks projects deferred pending state bond authority
Summary
Staff reported that, because the county’s request for additional bond authority lacks clear state support, multiple park projects were deferred from FY11–13 to later years or removed from the six-year plan.
Recreation and Parks staff told the board that several capital projects in the department’s six-year plan have been moved back or removed because St. Mary’s County’s request for additional bond authority appears unlikely to receive support from the state delegation.
Phil (Recreation and Parks staff) said the county’s capital program assumed the ability to borrow roughly $25–30 million over several years; county management and analysts say the county has capacity and a double-A bond rating, but staff…
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