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 2024 - FY 2026. The spending plan details the planned use of video lottery terminal taxes from FY 2024- FY 2026. The FY 2024 spending plan totals $10,022,500 and allots funding to the following areas: Crossland High School Career Academy ($2,665,300), Prince George’s Community College ($1,064,000), Prince George’s Memorial Library System ($800,000) Police Department ($1,219,000), Fire Department ($767,700), Employ Prince George’s National Harbor Job Training Center ($637,700), Youth Employment Program ($400,000), Department of the Environment ($380,000), Department of Public Works ($519,800), Revenue Authority ($144,000), scholarships for high school students attending Friendly, Oxon Hill, Potomac and Crossland high schools ($200,000) and various Community Impact Grants ($1,225,000). The FY 2024 portion of the plan has been included in the FY 2024 Approved Budget Ordinance (CB-63-2023).
The plan also has funding totaling $10,162,400 in FY 2025 and $10,304,500 in FY 2026. The
spending plan is subject to change based upon the County’s budget process and adjustments to out-year revenue projections.