As reported by the Washington Post, lower than expected revenues will force Montgomery County officials to limit spending in the current and upcoming fiscal year.
The state’s November distribution of income tax revenue to the county was $96 million below the $443 million projection. The November payment from the state is usually one of the largest, and is used to help forecast the county’s revenue picture for the next year.
In a memo Friday to County Council President Craig Rice, Leggett said the revenue report is a signal that officials need to hold the line on new spending.
It is too early to determine what measures may be put in place to offset the lower than anticipated revenues.
In an interview Friday, Finance Director Joseph Beach said no decision will be made until officials can look at “total revenue picture,” which will be available in early December.