fiscal 2019

December 11, 2018 | Douglas Tallman

County Starting ‘Savings Plan’ in January to Cover Shortfall

Montgomery County will start a savings plan in January of about 1.5 percent to balance its books, county officials said Tuesday. In closing out fiscal 2018, which ended June 30, the county’s projections on expenditures and revenues were off by about $40 million. Although small in comparison to the county’s overall $5.4 billion spending plan. […]

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March 7, 2018 | Douglas Tallman

Maryland Coffers to Receive Less This Year, But Guess What Happens Next Year

Maryland is likely to receive $39.4 million less this year than it expected and revenue for $433.6 million more for fiscal 2019, according to a statement by Comptroller Peter Franchot. The 2019 revision is largely the result of federal tax reform that is expected to produce a large uptick in state revenues. However, the projected […]

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December 13, 2017 | Douglas Tallman

Current Budget Problems Just the Start of County’s Fiscal Issues (Video)

The Montgomery County budget is like the opposite of the rap by Notorious B.I.G. Less Money Mo Problems. County Executive Ike Leggett has asked county departments for 2 percent in cuts, which will form the basis of a savings plan he’ll present to the County Council before Christmas. The county needs the plan to make […]

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