Title
A RESOLUTION CONCERNING LOCAL IMPACT GRANT FUNDS MULTIYEAR PLAN for the purpose of transmitting the Local Impact Grant Funds Multiyear Plan to the County Council for review and approval.
Background
Pursuant to CB-88-2015, this resolution will approve the Local Impact Fund Multiyear Plan for FY 2023 - FY 2025. The spending plan details the planned use of video lottery terminal taxes from FY 2023- FY 2025. The FY 2023 spending plan totals $9,782,000 and allots funding to the following areas: Crossland High School Career Academy ($2,432,000), various Board of Education capital projects ($3,400,600), Police Department ($969,000), Fire Department ($767,700), Employ Prince George’s National Harbor Job Training Center ($637,700), Youth Employment Program ($400,000), scholarships for high school students attending Friendly, Oxon Hill, Potomac and Crossland high schools ($200,000), grants to community organizations ($850,000) and grants to the support the community 2.5 miles northeast of the MGM facility ($125,000). The FY 2023 portion of the plan has been included in the FY 2023 Approved Budget Ordinance (CB-56-2022).
The plan also has funding totaling $10,053,400 in FY 2024 and $10,332,700 in FY 2025. The
spending plan is subject to change based upon the County’s budget process and adjustments to out-year revenue projections.