Elrich budget built on unsustainable revenue projections

[Anonymous]

Spending too much and can't support it long-term.

https://www.montgomerycountymd.gov/council/Resources/Files/agenda/col/2022/20220419/20220419_2.pdf

• The level of budget growth proposed by the Executive has not been seen since the Great
Recession and funds substantial programmatic and/or staffing enhancements across all County
agencies.

• Council staff has significant concerns about the sustainability of the unprecedented level of
spending, use of one-time resources, and multi-year funding commitments included in the
recommended budget:
o The Executive’s assumed budget growth is a historical outlier, with FY23 revenues
supported by the County’s most volatile taxes and one-time resources.
o The Executive’s recommended use of $20 million in OPEB Trust assets to pay current year
retiree health costs does not align with current fiscal policies.
o The Executive’s recommended expenditures may create a structural imbalance as early
as FY24 based on the assumed revenue growth in FY24-28.

• These concerns are intensified as the current economic and global news are signaling the
potential for economic contraction in the coming years with inflation at a 40-year high,
investment returns expected to decline, and global instability due to supply chain issues and the
war in Ukraine.

[Anonymous]

Mayor Elrich wouldn't do this to us. He's probably the best planner MoCo has had.

[Anonymous]

I’m surprised more people don’t care about this.

[Anonymous]

Anonymous wrote:I’m surprised more people don’t care about this.

They really should, because the county will use this budget to justify the traditional post-election tax increase.

[Anonymous]

The 18 million a year hucker wants to give the Green Bank cones from an energy tax that was supposed to be a temporary fix from the great recession. These people suck.