At FirmoGraphs, we ensure our clients are always in the know about capital plans that matter for their long-term business growth. With our assistance, our customers can leverage this information to gain an edge over their competitors and engage in more proactive discussions with their clients. Recently, we analyzed the latest capital spending plan released by Baltimore County, Maryland. Here are our observations.
In the CIP covering the 2024-2029 fiscal year, Baltimore County, Maryland detailed plans to spend $3.2 billion on capital projects, an increase of 3% from $3.1 billion in its 2023-2028 CIP. The current CIP has 115 line items, compared to 110 line items in the prior CIP. The table below breaks down Baltimore’s planned capital spending by business area for its last two CIPs.
*Numbers are Rounded
Significant Increase in Sewer and General Government
Three of the fifteen business areas have significant changes: Sewer, General Government Buildings, and Schools.
- Sewer - 14% increment was due to eleven retained projects that increased by $156 million. The major increase resulted from the Gunpowder Relief Sewer project, which increased from $27 million to $112 million in the current CIP.
- General Government Buildings - factors contributing to the 39% are $43 million worth of increase related to the seven retained projects; the biggest include the New Buildings, Repair, Renovations, Minor Addns, and the three new projects worth $18 million.
- School - On the contrary, this area has notably decreased capital spending. The New Area New Construction, Additions, and Renovation project, worth $15 million, was removed since this was done in the year 2023. Another is the $70 million reduction in capital spending for the eleven retained items in the current CIP; most items started in the previous year.
Significant Investment in the Sewer Business Area
Baltimore County has three notable projects in the recent CIP. One is valued at over $200 million, and the two are valued at over $10 million. The largest project is the Gunpowder to White Marsh System Improvement, under the Sewer Area, worth $205.5 million. The project consists of 32,300 feet of Sewer Force Main and Interceptors from the Gunpowder Pumping Station to the White Marsh Pumping Station. The others are the Fullerton Filtration Plant of Water area and the replacement of the Lansdowne Library of General Government Buildings, valued at $39 million and $12 million, respectively.
How FirmoGraphs Can Help
FirmoGraphs curates data about U.S. public sector markets, including capital plans, regulatory developments, and other critical information. We help our customers use this information to gain a competitive advantage and improve proactive conversations with their clients. We’d be glad to meet with you and help your company sort through the wealth of information in capital plans and other publicly available documents. Feel free to request a meeting and review the data live on our Business Intelligence platform.
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