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County budget office reports FY25 surplus, flags reliance on income tax and future risks
Summary
Carroll County’s Department of Management and Budget reported a roughly $51.4 million positive variance at the end of fiscal year 2025 but cautioned the board not to treat it as recurring revenue and highlighted multiple federal and state funding risks.
Carroll County’s Department of Management and Budget told the Board of Commissioners on Sept. 25 that fiscal year 2025 closed with revenues about $34 million higher than budgeted plus other adjustments that produced roughly a $51.4 million positive variance before the board’s FY26 commitments.
“Revenues will be, are about $34,000,000 in excess of what we budgeted,” budget chief Ted (surname not stated) told the commissioners. He also reported a contingency reserve and other unexpected inflows that together approached $51.4 million, but he cautioned the board that the bulk of that amount was committed during the FY26 budgeting process and should not be assumed as ongoing revenue.
The presentation described several revenue drivers and uncertainties. Property tax…
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