The Montgomery County Council gave final approval on Thursday to the county’s $6.7 billion operating budget for the next year – a plan driven in part by a slight increase in property taxes, primarily intended to fund the county’s public school system.
Property owners will see rates tick up 4.7%, to about $1.02 per $100 in assessed value. That’s less than half of the rise originally proposed this spring by County Executive Marc Elrich, who lobbied to raise property taxes by 10 cents per $100.
“The 11 members of this body, as has been evident for everybody to see, have had different views and different opinions on this budget,” Council President Evan Glass said Thursday after the group finished voting.
“Some council members wanted to spend less and have a lower tax rate, while others wanted to spend more and have a higher tax rate. The end result was one of consensus, with a majority of this body casting their support for a $6.7 billion budget that makes significant investments in our schools, our workforce and our essential services for residents,” he added.
Click here to read the rest of the article written by Morgan Baskin over at DCIST
