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Helen Holton
Baltimore city budget is running $12.4M surplus
Baltimore city budget is running $12.4M surplus

The city's $2.5 billion budget is running a slight surplus, due in large part to business growth and a stronger than expected housing market, Baltimore officials said Tuesday. Andrew Kleine, the city's budget director, said revenue is about $12.4 million ahead of projections. Nearly $34 million in higher-than-expected property tax collections are helping the city overcome losses because of high police overtime costs and lagging revenue from the Horseshoe Casino Baltimore. Property taxes also have helped the city absorb snow removal costs that ran to an estimated $7.8 million — twice the $3.5 million that was budgeted. Kleine said the surplus means the city can avoid...

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