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St. Mary’s County budget staff says $27.6 million in new bond authority likely needed to advance capital projects
Summary
County staff reviewed the capital improvement program and told commissioners projects and cash flows require roughly $27.6 million more in bonding authority; several projects were recommended for delay, reallocation, or additional appropriations including Sheriff District 4, animal shelter and road overlays.
St. Mary’s County budget staff told commissioners during a November work session that the county’s capital improvement program will likely require about $27,600,000 in additional bond authority to proceed with planned projects.
The presentation, delivered by budget staffer Paige Cudmore, focused on the county’s unexpended project list, current encumbrances, and which funds are available. “Our process is we're actually gonna start with the capital improvement budget and program first,” Cudmore said, outlining the review of total budgets, current encumbrances and balances across impact fees, transfer taxes, state and federal grants, and bonds.
County staff highlighted several immediate issues affecting cash flow and the bond plan. Staff said the county has roughly $65,000,000 of bonds budgeted but not yet issued from prior fiscal years, and about $3,600,000 of previously sold bond proceeds that remain unspent and subject to a three‑year spend rule. Staff presented an updated list of project changes and…
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