Elrich's Budget: Tax Hikes, Service Boosts
Washington DC News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Montgomery County Executive Marc Elrich proposes an $8.19 billion operating budget for next year, including tax hikes to address revenue shortfalls. The property tax will increase by $6.30 to fund public schools, while the income tax rises by 0.1% to cover shifted pension costs. Homeowners with a $500,000 assessed property will pay $315 more annually, and a family earning $100,000 in taxable income will pay $100 more. The budget fully funds schools, expands public safety programs, and boosts funding for emergency shelters. However, County Council members are pushing back, with public hearings starting in early April and a final vote in May.
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