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Prince George’s County OMB flags $58.3 million FY27 gap as council presses on liquidity and permitting
Summary
OMB Director Angela Fair told the county council retreat that FY27 expenditures outpace projected revenues by about $58.3 million and that long‑term liabilities and liquidity contributed to a bond‑rating downgrade; councilmembers pressed for clarity on liquidity benchmarks and faster permitting to contain CIP cost escalation.
Angela Fair, director of the Office of Management and Budget, told members at the Prince George’s County council retreat that the administration plans to release the FY27 budget on March 12 and is projecting a structural shortfall of $58.3 million for FY27 if revenues and expenditures follow current estimates.
Fair said the county’s revenue baseline for the period discussed is roughly in the $4.8–4.9 billion range and that projected FY27 expenditures approach $5.0 billion, leaving the reported gap. “We plan to submit a budget, March 12,” Fair said during the presentation. She described rising project costs, unfunded liabilities and liquidity as drivers of fiscal pressure and said the county is examining both…
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