Prince George's County is ending this calendar year with a $46.2 million surplus in its budget, County Executive Jack B. Johnson announced Monday.
The money will go toward building two new high schools, in addition to building a new regional high school which was previously approved, renovating and expanding other schools, hiring more police officers and easing traffic.
"This wonderful news will allow us to make crucial one-time investments in the County Executive's Livable Communities Initiative," said Tom Himler, director of the Office of Management and Budget.
Along with the growing economy, a continuing strong real estate market and increased income levels, the excess revenues also came from a one-time income tax revenue adjustment from the state totaling $12.2 million, Johnson said.
"The revenue figures are a reflection of the economic progress and vitality that I see every day traveling throughout Prince George's County," Johnson said.
"The strong economic trends that we are continuing to see rising income levels, relatively low unemployment rates and rising home prices continue to indicate that Prince George's County is an excellent place to live, invest, work and play."
Comment: Johnson doesn't mention the other trends: rising murder rates, continuing failure to deal with failure and malfeasance in the school system, and the decreasing availabilty of affordable housing.