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	<title>Cecil Times &#187; unassigned fund balance</title>
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		<title>Cecil County Budget: Virus &#8220;Crisis&#8221; and Revenue Uncertainty Shape Budget; County Exec Avoids Raid on Emergency Funds</title>
		<link>https://ceciltimes.com/2020/04/cecil-county-budget-virus-crisis-and-revenue-uncertainty-shape-budget-county-exec-avoids-raid-on-emergency-funds/</link>
		<comments>https://ceciltimes.com/2020/04/cecil-county-budget-virus-crisis-and-revenue-uncertainty-shape-budget-county-exec-avoids-raid-on-emergency-funds/#comments</comments>
		<pubDate>Sat, 04 Apr 2020 19:10:47 +0000</pubDate>
		<dc:creator><![CDATA[Nancy Schwerzler]]></dc:creator>
				<category><![CDATA[Alan McCarthy]]></category>
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		<guid isPermaLink="false">https://ceciltimes.com/?p=5667</guid>
		<description><![CDATA[NEWS ANALYSIS Cecil County Executive Alan McCarthy admits putting together the Fiscal 2021 county budget was a bit like being in a hurricane bunker while hoping that the COVID-19 pandemic that has wreaked havoc with the state and local economy won’t overwhelm the fiscal safety measures he installed over the past three years that could help the county weather the storm. “I must say it is by far the most difficult budget my staff and I have ever put forward,” McCarthy said Wednesday (4/1/2020) in presenting his proposals during a Facebook live teleconference. “We are in the midst of a crisis none of us has ever experienced before.” He said that he and his staff had to rewrite the budget substantially in the past two weeks, as the COVID-19 pandemic unfolded and Gov. Larry Hogan took escalating steps to shut down most businesses in the state, leading to his most recent “stay home” order to all but essential services workers. The new county budget proposal freezes property tax rates and income tax rates at current levels and the county executive has included a new property tax credit for senior citizens to give them up to a 20 percent break on [&#8230;]]]></description>
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		<title>McCarthy Proposes Property, Income Tax Increases in First &#8216;Balanced&#8217; Cecil County Budget in Decades; More $ for Cops, Library but Nicks School Budget</title>
		<link>https://ceciltimes.com/2017/04/mccarthy-proposes-property-income-tax-increases-in-first-balanced-cecil-county-budget-in-decades-more-for-cops-library-but-nicks-school-budget/</link>
		<comments>https://ceciltimes.com/2017/04/mccarthy-proposes-property-income-tax-increases-in-first-balanced-cecil-county-budget-in-decades-more-for-cops-library-but-nicks-school-budget/#comments</comments>
		<pubDate>Sun, 02 Apr 2017 21:59:48 +0000</pubDate>
		<dc:creator><![CDATA[Nancy Schwerzler]]></dc:creator>
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		<guid isPermaLink="false">https://ceciltimes.com/?p=5106</guid>
		<description><![CDATA[Cecil County Executive Alan McCarthy has proposed his first budget that breaks with years of deficit-financed spending policies in the county but takes the politically risky road of raising property and income taxes to pay for county services. Property taxes would rise by $100 a year for a home valued at $200,000, while local income tax rates would rise from 2.8 percent to 3 percent. McCarthy’s budget is a landmark fiscal blueprint in recent county budget history, clearly setting out the costs of services that county citizens have demanded—for schools, libraries and public safety—and asks county residents if they are willing to put their money where their mouths are. Unlike the past four budgets advanced by his predecessor, Tari Moore&#8211;which relied on substantial drains on reserve funds accumulated over many years as safeguards against fiscal and weather emergencies&#8211; McCarthy’s budget is fully funded by actual revenues expected in the Fiscal 2018 budget year, which begins 7/1/2017. “This is my budget,” McCarthy said in announcing his proposals on Friday (3/31/2017.) “I will take full responsibility, be you like it or like it not.” McCarthy was sworn into office in December, 2016. County budget officials calculate that the “unassigned fund balance” reserve [&#8230;]]]></description>
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