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St. Mary's County CFO outlines FY27 budget outlook, flags income-tax volatility and SALT risk
Summary
CFO Vanetta Vanquie told commissioners on Dec. 16 that the county holds a $69 million fund balance (about $18.9 million unassigned) and presented FY27 revenue scenarios that depend heavily on income-tax reconciliation and federal changes to the SALT deduction, while urging flexibility for potential state-driven costs.
CFO Vanetta Vanquie told the St. Mary's County Commissioners at a Dec. 16 fiscal-year 2027 budget work session that the county's total fund balance was about $69 million, with roughly $18.9 million unassigned and available for one-time expenditures. "Our current fund balance reserve is $69,000,000 of which $18,900,000 is unassigned," she said.
Vanquie walked the board through revenue and expenditure assumptions, emphasizing that income-tax receipts are the county's second-largest and most volatile revenue source. Using a set of modeling assumptions (roughly 3–5% revenue growth and a 3.2%…
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