Wednesday, March 18, 2015

Leggett Releases Proposed Fiscal Year (FY) 2016 Operating Budget that Tightens Belt on County Spending, Includes Property Tax Rate Cut and Reduces Solid Waste Fees by Four Percent; Economic Development, Schools and Libraries Among Few Increases

On March 16, Montgomery County Executive Ike Leggett released his Recommended FY 2016 operating budget of $5.1 billion for the year that begins on July 1, 2015. The budget increases County government tax-supported spending by only 1.1 percent, while cutting the County property tax rate by about one cent. The balanced budget closes an estimated $238 million gap. Read more.