Worcester County Annual Comprehensive Financial Report M A R Y L A N D
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This is the table of contents and introductory pages of Worcester County, Maryland's Annual Comprehensive Financial Report for the fiscal year ended June 30, 2022. The document contains the complete financial statements and notes for the county government, including government-wide financial statements, fund financial statements, required supplementary information on pension and OPEB liabilities, and various supplementary schedules. The report was prepared by county finance officials including Finance Officer Phillip G. Thompson and Assistant Finance Officer Jessica R. Wilson.
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More budgets from Worcester
- Budget
Worcester County's FY2026 budget process is scheduled from April through June 2025, with a public hearing on May 6 and final budget adoption votes occurring on June 3 (General Fund) and June 17 (Enterprise Funds). The requested operating budget totals $286.8 million in expenditures against estimated revenues of $284.6 million, leaving a $2.3 million shortfall that must be addressed through spending reductions, additional revenues, or both. Anticipated revenues increased 9% over the current year to $284.6 million, driven primarily by a $18 million increase in net property tax revenues and a projected $53 million in income tax revenue at the current 2.25% rate.
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