County Executive Leopold Presents FY2011 Operating and Capital Budget that Reduces Spending
Property tax rate has been reduced by 5 percent this term
Annapolis (May 3, 2010) - County Executive John R. Leopold presented a balanced budget to the County Council today that keeps his commitment not to raise taxes on property or income in his term and avoids layoffs in this difficult budget climate.
"Anne Arundel County remains the jurisdiction with the lowest tax burden of all the metropolitan counties and also one of the most competitive jurisdictions in terms of economic opportunity and potential," County Executive said in his remarks to the County Council. "We are working harder and we are working smarter. We are proving that the important thing is not how much you spend, but how you spend it."
The total recommended Operating Budget is $1.18 billion, and the Capital Budget is $331 million. Over the past two years, while the County has faced the most severe recession in 70 years, County Executive Leopold succeeded in cutting government spending by $38 million.
Most County workers will take 12 furlough days as part of the budget reduction strategy. The furlough days are equivalent to a 4.5 percent salary reduction. The County Executive thanked County employees for their sacrifice and announced that he will return an equivalent amount of his salary in addition to repaying the $5,000 raise he received as required by law.
"I believe in leadership by example," County Executive Leopold said. "County employees are dedicated and hardworking, but all of us must share the responsibility to reduce spending in a fiscally responsible manner."
The budget must be finalized by June 30.