New MOCo Planning report released

[Anonymous]

Anonymous wrote:

Anonymous wrote:https://aminerdetail.com/new-report-paints-devastating-economic-outlook-for-montgomery-county/

Report certainly destroys the illusion that Montgomery County is doing well. I am a Democrat and County resident. I find the current political leadership appalling. The County has budget issues, and all the County wants to do is to tax more. It already has one of the highest tax burdens in the region. More taxes will simply drive upper income residents out of the County. Close-in County residents will move across the border to DC, with its lower tax burden. Upper upper income folks will move to second homes in Florida or elsewhere. County is attracting low income residents, while turning away high income residents. Note very low growth in income tax revenues. Great economic model. Our region has boomed over the last 10 plus years. Tax revenues should be up. But not in the County. What happens when the likely recession occurs in the next few years. The County's political leadership is clueless.

They’re also taking our tax money and building all of the amenities in the lower income areas only - 4 new rec centers in Silver Spring, libraries, huge new schools and redone parks, only in Silver Spring and Wheaton. The rest of us can just rot apparently, while paying our ever increasing tax bills.

Howard county looks promising too. Or Virginia or DC, yes.

Where all all these new parks you speak of?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:https://aminerdetail.com/new-report-paints-devastating-economic-outlook-for-montgomery-county/

Report certainly destroys the illusion that Montgomery County is doing well. I am a Democrat and County resident. I find the current political leadership appalling. The County has budget issues, and all the County wants to do is to tax more. It already has one of the highest tax burdens in the region. More taxes will simply drive upper income residents out of the County. Close-in County residents will move across the border to DC, with its lower tax burden. Upper upper income folks will move to second homes in Florida or elsewhere. County is attracting low income residents, while turning away high income residents. Note very low growth in income tax revenues. Great economic model. Our region has boomed over the last 10 plus years. Tax revenues should be up. But not in the County. What happens when the likely recession occurs in the next few years. The County's political leadership is clueless.

They’re also taking our tax money and building all of the amenities in the lower income areas only - 4 new rec centers in Silver Spring, libraries, huge new schools and redone parks, only in Silver Spring and Wheaton. The rest of us can just rot apparently, while paying our ever increasing tax bills.

Howard county looks promising too. Or Virginia or DC, yes.

Where all all these new parks you speak of?

Blabdair? Cedar lane? Everywhere.

[Anonymous]

So depressing

[Anonymous]

Anonymous wrote:It shows the use of public transit increasing which is completely wrong, it has decreases steadily for the past 5 year.s

MoCo metro is pathetic compared to other areas especially Virginia. It’s always ‘too expensive’ despite our high taxes. But somehow we funded the Purple Line so people from PG can come to Silver Spring and Bethesda. ??

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:https://aminerdetail.com/new-report-paints-devastating-economic-outlook-for-montgomery-county/

Report certainly destroys the illusion that Montgomery County is doing well. I am a Democrat and County resident. I find the current political leadership appalling. The County has budget issues, and all the County wants to do is to tax more. It already has one of the highest tax burdens in the region. More taxes will simply drive upper income residents out of the County. Close-in County residents will move across the border to DC, with its lower tax burden. Upper upper income folks will move to second homes in Florida or elsewhere. County is attracting low income residents, while turning away high income residents. Note very low growth in income tax revenues. Great economic model. Our region has boomed over the last 10 plus years. Tax revenues should be up. But not in the County. What happens when the likely recession occurs in the next few years. The County's political leadership is clueless.

They’re also taking our tax money and building all of the amenities in the lower income areas only - 4 new rec centers in Silver Spring, libraries, huge new schools and redone parks, only in Silver Spring and Wheaton. The rest of us can just rot apparently, while paying our ever increasing tax bills.

Howard county looks promising too. Or Virginia or DC, yes.

Where all all these new parks you speak of?

Blabdair? Cedar lane? Everywhere.

Blandair ...

[Anonymous]

What do people think of the cuts elrich is making?

I like Riemers comments on no longer being drunk on fiscal recklessness

[Anonymous]

There will need to be a combination of cuts and tax increases. If you look at the report, the data on age concentration and income is scary. The area around Potomac/Bethesda just past the Beltway near River Road has the highest incomes and the aging populations. If a number of those people move into retirement from their senior high income positions there is an immediate drop in revenue. From the retired population, if they start to move their residency to Florida then there is a huge drop. They won't be selling their home so there will not be a new replacement family coming in but the income will be gone for MoCo.

MCPS isn't doing the county any favors either. All the talk of changing the boundaries, breaking up the W schools, diluting magnets, and bussing kids is scaring off new professionals from buying in MoCo.

[Anonymous]

Anonymous wrote:https://montgomeryplanning.org/wp-content/uploads/2019/01/MP_TrendsReport_final.pdf

Very good data, facts, and charts presented on MOCo changes the last 30 years.

Stagnant median income is most damning; the drivers of that are pretty clear in the other sections.

Stagnant after adjustments for inflation...very different then stagnant.

[Anonymous]

Anonymous wrote:

Anonymous wrote:https://montgomeryplanning.org/wp-content/uploads/2019/01/MP_TrendsReport_final.pdf

Very good data, facts, and charts presented on MOCo changes the last 30 years.

Stagnant median income is most damning; the drivers of that are pretty clear in the other sections.

Stagnant after adjustments for inflation...very different then stagnant.

Not really. We have had record growth and a very long economic boost. DMV, in particular, has boomed for decades. But not MC! No excuses. MC's leadership has failed.

[Anonymous]

Anonymous wrote:There will need to be a combination of cuts and tax increases. If you look at the report, the data on age concentration and income is scary. The area around Potomac/Bethesda just past the Beltway near River Road has the highest incomes and the aging populations. If a number of those people move into retirement from their senior high income positions there is an immediate drop in revenue. From the retired population, if they start to move their residency to Florida then there is a huge drop. They won't be selling their home so there will not be a new replacement family coming in but the income will be gone for MoCo.

MCPS isn't doing the county any favors either. All the talk of changing the boundaries, breaking up the W schools, diluting magnets, and bussing kids is scaring off new professionals from buying in MoCo.

Additional taxes in MoCo is exactly what MoCo should not do. If you are retired and wealthy, you would be an idiot to remain in MoCo. Increasing taxes in the midst of an economic simply reflects the failure to be realistic and budget appropriately. MoCo leaders must make more budget cuts, radical ones. MoCo already has the highest tax burden in the DMV.

[Anonymous]

Anonymous wrote:What do people think of the cuts elrich is making?

I like Riemers comments on no longer being drunk on fiscal recklessness

He’s paying his CAO $280,000.
Let’s see what he delivers for that crazy salary. Public sector employee my ass.

[Anonymous]

Anonymous wrote:

Anonymous wrote:What do people think of the cuts elrich is making?

I like Riemers comments on no longer being drunk on fiscal recklessness

He’s paying his CAO $280,000.
Let’s see what he delivers for that crazy salary. Public sector employee my ass.

They’re probably paying all their former political friends big consulting fees too.

[Anonymous]

Additional taxes in MoCo is exactly what MoCo should not do. If you are retired and wealthy, you would be an idiot to remain in MoCo. Increasing taxes in the midst of an economic simply reflects the failure to be realistic and budget appropriately. MoCo leaders must make more budget cuts, radical ones. MoCo already has the highest tax burden in the DMV.

Well they are talking about shutting down country clubs, private schools and bussing Churchill, Whitman and BCC kids out to Silver Spring so chances are those residents will have other reasons to go before the taxes really go up.

[Anonymous]

To PP, taxes are already highest in the neighborhood. Fail to understand the busing reference.

[Anonymous]

It’s a mature economy. It’s reached its plateau. That’s not a bad thing.

Compared to PG, we’re not even in the same scale. Of course PG would show growth. They’ve got nowhere to go BUT up. Who knows, maybe in a few hundred years, they might catch up to us.

Maybe.