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Metropolitan DC Local Politics
Elrich Budget 6% property tax increase and a slight income tax increase
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Anonymous
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amazing thing to do in his last year in office. income tax up from 3.2% to 3.3%, so that's not huge. But the property tax...
https://www.montgomerycountymd.gov/OMB/Resources/Files/omb/pdfs/FY27/psprec/FY27_Recommended_Budget.pdf |
Anonymous
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Dont you just love how they are proposing a "6.3 cent increase" for property taxes, yet everything else is quoted in percentages? Thays because they want to trick people into think 6.3 cents isn't a lot when in fact it represents a huge 6% increase. Combined with the tax hike in 2024, they're about to jack property taxes 10% in 2 frigging years.
This is absolutely unacceptable and unsustainable. They need to cut jobs and force employees to pay more for their benefits. Also slash retirement and pension spending. |
Anonymous
| How much will the average property tax bill go up? |
Anonymous
| How much of the budget is handouts to develops and giveaways to people for housing vouchers? Some agency called the "Housing Opportunities Commission" just built itself a huge new building in downtown silver spring. |
Anonymous
New buildings are capital budget, not operating. Vouchers are 100% federal funds |
Anonymous
| I’m annoyed. I think the only tax that should increase is sales tax. We can choose what we buy. This is penalizing home owners once again. |
Anonymous
And much of the capital budget is funded with bonds which are repaid using the … operating budget. |
Anonymous
That's a state tax |
Anonymous
You shouldn't own a home. Private property should be abolished. The government will decide what you need. |
Anonymous
You can choose to buy a cheaper home. The mortgage interest deduction is already a huge subsidy to homeowners. I can't feel too bad about this. The same goes for the people whose homes values appreciated hundreds of thousands of dollars. |
Anonymous
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https://www.dcurbanmom.com/jforum/posts/list/1119676.page
Duplicate to existing thread above. |
Anonymous
This is misleading. The budget has about $300 million that the county spends on housing. Note that DC's total budget is about triple that of MoCo, but they only spend $400-$500 on housing, so MoCo spends much more as a percent of its budget. Housing Initiative Fund: $58–60 million Rental assistance (biggest chunk) Rapid rehousing / homelessness programs First-time homebuyer help Supportive housing services Department of Housing & Community Affairs (DHCA): $81 million Affordable housing programs Code enforcement Tenant protections Some grants/admin tied to housing aid Housing Opportunities Commission (HOC): $9 million (county funding) This agency also manages federal housing vouchers (Section 8), which are much larger but mostly federally funded, not county dollars. Capital (construction & preservation): $100 million Buying apartments Preserving affordable units New housing projects |