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Caroline County reports midyear revenues near 50%; officials warn of potential $772,000 disparity grant cut
Summary
Deputy Administrator Daniel Fox and Grants Coordinator Stacy Seward told commissioners second-quarter revenue collections are roughly on track but flagged a projected $772,000 cut to the county’s disparity grant under the governor’s FY27 proposal and urged close monitoring for FY27 budgeting.
Deputy Administrator Daniel Fox and Grants Coordinator Stacy Seward briefed the board on the county’s second-quarter budget performance on Feb. 3, reporting that overall revenues are near the halfway mark largely because real property tax collections are realized early in the fiscal year.
Key points included:
- Real property tax collections were near 94% at midyear, driving total revenue to roughly 50% of expected…
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