The Montgomery County Council adopted a $5.08 billion budget today for FY 2016 holding the line on taxes and funding a number of county priorities. From the County Council’s press release,
The total County budget, including debt service, grants and enterprise funds, will be $5.08 billion, an increase of 1.7 percent from the FY15 approved budget. The overall tax supported portion of the budget including debt service will be $4.42 billion, an increase of 1.5 percent from the FY15 budget.The budget also maintains property tax revenue at the Charter limit (last year’s amount plus an inflation-tied increase). It includes a $692 property tax credit for owner-occupants of principal residences. The weighted property tax rate will decrease to 98.7 cents per $100 of assessed value (from 99.6 cents).
The priorities funded in the budget, which was approved by an 8 – 1 vote, are described below.
“The budget proposed by the County Executive in March provided a strong foundation,” said Council President Leventhal. “The Council has strengthened it by directing targeted additional resources to top priority concerns of our one million residents, including education, public safety, health and human services, libraries, parks, transportation, and the Public Election Fund. We have done so while holding the line on taxes.”
The press release provides additional detail on items funded in the budget and Councilmember statements on the approved budget.
Additional information on Montgomery County’s budget discussions can be found on Conduit Street in the posts below.
