Montgomery County will start a savings plan in January of about 1.5 percent to balance its books, county officials said Tuesday. In closing out fiscal 2018, which ended June 30, the county’s projections on expenditures and revenues were off by about $40 million. Although small in comparison to the county’s overall $5.4 billion spending plan. […]
Maryland Coffers to Receive Less This Year, But Guess What Happens Next Year
Maryland is likely to receive $39.4 million less this year than it expected and revenue for $433.6 million more for fiscal 2019, according to a statement by Comptroller Peter Franchot. The 2019 revision is largely the result of federal tax reform that is expected to produce a large uptick in state revenues. However, the projected […]
Current Budget Problems Just the Start of County’s Fiscal Issues (Video)
The Montgomery County budget is like the opposite of the rap by Notorious B.I.G. Less Money Mo Problems. County Executive Ike Leggett has asked county departments for 2 percent in cuts, which will form the basis of a savings plan he’ll present to the County Council before Christmas. The county needs the plan to make […]
Riemer Talks Fiscal Issues (Video)
As the Montgomery County Council prepares for County Executive Ike Leggett’s savings plan, Council President Hans Riemer said he didn’t believe the shortfall in revenue was based on the county’s wealthy “exporting” their income to lower tax states. “That would not be something that would have happened abruptly,” he said. “This was a real variation […]
Advocates Criticize Trump Budget at Delaney Roundtable (VIDEO)
Environmental, housing and business advocates uniformly criticized President Donald Trump’s budget Friday, saying its program cuts will have a dire effect on Montgomery County. Rep. John Delaney assured the group that the budget will not pass in its current form, but he did warn that the county activists still have work to do. “While we […]
Rockville Passes $130.3 Million Budget
Rockville residents will pay the same property tax rate as they have for the last nine fiscal years, after the Mayor and Council on Monday approved the city’s fiscal 2018 budget. The operating budget totals $130.3 million, a $4 million or 3.2 percent, increase over the previous budget, according to a statement from the city. […]
‘Cut’ to Nonprofits Should Have Been An Increase
You remember the demonstration in the Council Office Building on Monday morning? Nonprofits expressed their objection to a 1 percent cut in funding for their programs, contained in County Executive Ike Leggett’s budget. Seven Montgomery County Council members said they would erase the cut and find more money for the nonprofits. The cut was actually […]
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