1. Talbot County, Maryland FY 2011 Proposed Budget FY 2011 General Fund Budget: $72,316,750 1

2. Talbot County, Maryland FY 2011 Proposed Budget FY 2011 Proposed Budget $72,316,750 FY 2010 Approved Budget $77,772,000 FY 2009 Approved Budget $82,000,000 FY 2008 Approved Budget $86,234,000 2

3. Talbot County, Maryland FY 2011 Proposed Budget A Startling Slowdown FY 2011 Revenues that are projected to be lower than FY 2008 actual: Income Tax 28.5% ↓ Recordation Tax28.5%↓ Transfer Tax23.8%↓ Highway User Revenues97.5%↓ Licenses & Permits14.1%↓ Federal & State Grants61.3%↓ Interest Income27.8%↓ 3

4. Talbot County, Maryland FY 2011 Proposed Budget Budget Highlights $7 million of the General Fund reserve balance used No tax increases 10 full time positions eliminated No salary increases Reduced County funding to almost every Department No transfers to the Capital Projects Fund 4

5. Talbot County, Maryland FY 2011 Proposed Budget FY 11 Budget Increases The Talbot County Public Schools Fully funds the Schools Budget request Debt Service over 88% is for Public School facilities Elections Reserve for Contingencies 5

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8. Talbot County, Maryland FY 2011 Proposed Budget County Property Tax Rates - 2010 CountyRateCountyRate Baltimore City$2.268 Cecil$0.940 Prince George’s$1.319Somerset$0.900 Howard$1.150 Dorchester$0.896 Baltimore$1.100 Calvert$0.892 Harford$1.082 Anne Arundel$0.876 Frederick$1.064Caroline$0.870 Carroll$1.048 St. Mary’s$0.857 Charles$1.026Montgomery$0.826 Garrett$0.990 Wicomico$0.759 Allegany$0.9829Queen Anne’s$0.770 Kent$0.972Worcester$0.700 Washington$0.948 Talbot*$0.432 *FY 2011 Proposed 8

9. Talbot County, Maryland FY 2011 Proposed Budget Property Tax Rate Differentials (per $100 assessed value) Rate Difference Unincorporated Areas$0.432 -- Easton$0.302$0.130 Oxford$0.318$0.114 Queen Anne$0.374$0.058 St. Michaels$0.308$0.124 Trappe$0.347$0.085 9

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11. Talbot County, Maryland FY 2011 Proposed Budget County Income Tax Rates -CY 2009 CountyRateCountyRate Howard3.20%Kent2.85% Montgomery3.20%Queen Anne’s2.85% Prince George’s 3.20%Baltimore2.83% Somerset3.15%Calvert2.80% Wicomico3.10%Cecil2.80% Harford3.06%Washington2.80% Allegany3.05%Garrett2.65% Baltimore City3.05%Caroline2.63% Carroll3.05%Dorchester2.62% St. Mary’s3.00%Anne Arundel2.56% Frederick2.96% Talbot2.25% Charles2.90%Worcester1.25% 11

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18. Talbot County, Maryland FY 2011 Proposed Budget General Fund Balance at June 30, 2009 $41.2 million FY 2010 Appropriation/Other Obligated Funds (18.6 million) Emergency Reserve (“Rainy Day”) (10.8 million) Discretionary Balance 11.8 million Projected FY 2010 Shortfall (1.5 million) Needed to Balance FY 2011 Budget (7.0 million) Remaining Discretionary Balance for FY 2012 $3.3 million 18

19. Talbot County, Maryland FY 2011 Proposed Budget Provide Adequate Level of Services Preserve Financial Stability in the Face of Economic Uncertainty Make Best Use of Available Resources 19

20. Talbot County, Maryland FY 2011 Proposed Budget For More Information on the FY 2011 Proposed Budget and Bill No. 1182 Visit Our Website: www.talbotcountymd.gov 20

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