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Montco. Spending Plan 372 Million Dollars, No Tax Hike

Montgomery County officials have presented their preliminary budget for next year. The spending plan totals almost 372 million dollars and does not call for a property tax increase. Chief Financial Officer, Uri Monson told the Commissioners the capital portion of the budget focuses on maintaining assets the county already owns.

“Nearly 96 percent of the capital expenditures in this
budget are related to existing county infrastructure. This compares to the 2012 capital budget which was approved by the previous board of commissioners, which had 53.4 of expenditures related to existing infrastructure.”

Monson also said the county will not need to take out a tax revenue anticipation note to meet the payroll during the first part of 2014.

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