The Prince George's County General Assembly Committee convened on March 11, 2025, to discuss critical budget updates amid a growing fiscal crisis. The meeting highlighted a significant increase in the county's budget deficit, now estimated at approximately $3.3 billion, up from $3 billion. This alarming trend is attributed to various factors, including anticipated job losses and potential cuts to federal funding.
Mister Barnes and Jimmy Tarlow presented an overview of the Board of Revenue Estimates, revealing a projected revenue decrease of $280 million for fiscal years 2025 and 2026. The committee expressed concerns about the implications of these financial challenges, particularly the expected loss of 20,000 federal jobs in Prince George's County, which could further strain local resources and increase unemployment claims.
The discussion also touched on the governor's supplemental budget, which aims to address some of the financial shortfalls by reversing cuts to disability funding and delaying the family medical leave insurance program. However, the House of Delegates has proposed alternative measures, including restoring funding for education initiatives and community schools, which the Senate may resist.
Upcoming legislative deadlines were emphasized, with March 14 marking a critical date for federal budget resolutions. The committee anticipates a potential special session in October to address the fallout from federal budget cuts, which could have severe repercussions for local funding and services.
The meeting concluded with a focus on the need for immediate action to stabilize the budget and protect essential services in Prince George's County. As the situation evolves, the committee remains vigilant, monitoring developments closely and preparing for further discussions in the coming weeks.