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2 clusters · 2 sources · 22 days · First seen · Last updated
Calvert County fiscal and infrastructure management
Overview
Calvert County has undertaken several financial measures to support local infrastructure and address resident costs. In late September 2026, the county sold $75.9 million in general obligation bonds to fund capital improvement projects. These projects include school upgrades, road repairs, water and sewer system rehabilitations, and the replacement of the St. Leonard Volunteer Fire Department and Rescue Squad facility.
The bond sale was supported by the county’s maintained AAA credit rating from Fitch, Moody’s, and S&P Global Ratings.
In October 2026, county commissioners began evaluating property tax relief options for the fiscal 2028 budget. Proposals under consideration include reducing the real property tax rate and implementing a property tax credit for eligible child care providers, which could offer up to $10,000 per year per facility.
Entities
Calvert County · S&P Global Ratings · Maryland Department of Assessments and Taxation · Moody’s Investors Service · Fitch Ratings
Timeline
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[BUSINESS] 2 sourcesCalvert County officials weigh property tax relief options
Calvert County commissioners are considering property tax rate cuts and specialized tax credits for child care providers to address rising costs and assessment increases.
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[BUSINESS] 2 sourcesCalvert County sells $75.9M in bonds for infrastructure
Calvert County sold $75.9 million in general obligation bonds at a 4.66% interest rate to fund school, road, and utility infrastructure projects, leveraging its AAA credit rating.
Sources
southernmarylandchronicle.com · thebaynet.com