According to the Gazette, Montgomery County is considering new fiscal policies to improve the county’s fiscal standing and maintain its AAA bond rating.
The policy, proposed by County Executive Isiah Leggett (D), would double the county’s reserve fund over the next five years and prevent the use of one-time money to fund recurring items.
The council also is considering a six-year fiscal plan that shows anticipated revenues and expenditures through fiscal 2016. Councilwoman Nancy Navarro (D-Dist. 4) of Silver Spring called it a “blueprint” for county spending.
These items were discussed by the Management and Fiscal Policy Committee and will be voted on by the Council on June 29.