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Board of Estimates approves $112.9 million in FY25 year‑end supplemental appropriations
Summary
Baltimore's Bureau of the Budget and Management Research told the Board of Estimates the general fund closed FY25 with a $13.1 million net surplus and asked the board to appropriate $112.9 million to cover agency deficits driven largely by police and fire union contract costs; the board approved the supplemental with one abstention noted.
Baltimore's Board of Estimates on Oct. 15 approved a set of fiscal‑year‑end supplemental appropriations that would transfer $112.9 million from the city's surplus to cover deficits in several general fund agencies.
The action, presented by Laura Larson, the city's budget director in the Bureau of the Budget and Management Research (BBMR), was framed as part of the closeout of fiscal 2025. "The general fund ended the year with a $66,600,000 overall surplus," Larson said, adding that the city now requests appropriations to resolve year‑end agency shortfalls.
BBMR told the board the city recorded stronger‑than‑expected income tax receipts and slightly better property‑tax collections, driving an overall surplus. At the same time, Larson said, the city faces large agency deficits in part because police and fire union contracts were finalized after the FY25 budget was adopted and exceeded the assumptions built into that budget.
The supplemental request…
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