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St. Mary's County reviews CIP, warns of shrinking debt margin as state outlook worsens
Summary
County finance staff presented an updated five‑year capital plan, reported $3.8 million in reserves and projected debt margins shrinking under current priorities; state fiscal pressures and reduced transportation capacity tightened local funding choices.
Vonetta Van Cleef, St. Mary's County chief financial officer, opened the continuation of capital improvement plan (CIP) briefings with a review of reserves, active capital and debt capacity. "Reserve balance as of 10/31/25 was at $3,800,000," Van Cleef said, and she told commissioners active capital projects including bond issuance total approximately $517.7 million for FY26.
Van Cleef described a methodological change the CIP work group adopted earlier this year that phases large projects and removed placeholder out‑year items; she said that…
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