County reports FY25 second‑quarter finances as state tax restructuring could cut Caroline revenue by about $1.1 million

Deputy County Administrator Daniel Fox and Stacy Stewart, grant coordinator, told commissioners Tuesday that Caroline County’s fiscal year 2025 second‑quarter (through December) revenue and spending are broadly in line with expectations, but they cautioned that proposed state tax changes and shifting state budget obligations create uncertainty for next year’s county budget.

Fox said the county’s core revenue lines are tracking as expected in mid‑year. “Right now, overall, we're at a 90% collection rate” for property taxes as of the December close, he said. He also reported recordation tax receipts are “about 76% collected” and noted income tax receipts are at roughly 35% of the annual total at year‑to‑date (a timing pattern he called typical because larger payments arrive later in the fiscal year). On charges and reimbursements, Fox highlighted an unusually large balance in an agency reimbursement account that reflects insurance…