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 2020 - FY 2022. The spending plan details the planned use of net video lottery terminal taxes from FY 2020- FY 2022. The FY 2020 spending plan allots $5,106,300 of funding for the Board of Education ($3,032,800), the District 7 police station ($345,700), fire fighters at various stations in the impact area ($190,100), Employ Prince George’s National Harbor Job Training Center ($337,700), scholarships for high school students attending Friendly, Oxon Hill, Potomac and Crossland high schools ($150,000), the County’s Youth Employment Program ($300,000) and grants to community organizations ($750,000). The FY 2020 portion of the plan has been included in the FY 2020 Approved Budget Ordinance (CB-27-2019).
The plan also has funding totaling $5,333,500 in FY 2021 and $5,564,200 in FY 2022. The spending plan is subject to change based upon the County’s budget process and adjustments to out-year revenue projections.