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Calvert County: 2020 in review

Calvert County: 2020 in review
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Despite surplus, Calvert board is cautious about budget


There was some positive financial information shared with the public during last week’s Calvert commissioners meeting; however, in light of the negative impact COVID-19 is having on citizens and the local business community, the board received the news with a grain of salt.
In early February, county government will finalize numbers for its recommended budget for fiscal 2022, which begins July 1, 2021.
Tim Hayden, finance and budget director, reported on Dec. 15 that Calvert ended fiscal 2020 “with an unaudited surplus of $10 million.”
The commissioners had reduced the county’s property tax rate from $0.937 per $100 of assessed value to $0.932 per $100. The current plan is to reduce the rate even more in fiscal 2022 to $0.927 per $100. ....

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