Elrich property tax increase

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Schools, schools, schools,......my arse.

They ALWAYS try to pawn off tax increases because "it is for the schools!". This is totally insane. Basically, 10% tax increases in only 2 years on top of reassessments that always go up every few years. They need double tax increases? Really?

Newsflash. The economy sucks. A lot of federal workers lost jobs. Prices for food, insurance, and utility bills are exploding. Now they want to crush your housing affordability even more.

Is everyone's salaries going up to cover all these rising costs? Of course not.

There isn't a single tax Dems have never not liked. It's never a spending problem to them, only a taxation problem. Cut the number of employees in MoCo govt. Make them pay more money for benefits. Slash their retirement and pensions. Stop all hiring for 5 years.

They will just have to work more efficiently, boo hoo.

We're spending less on schools now than 20 years ago. Computers and automation don't make schools cheaper to operate.

FY07 approved budget for MCPS was $1.8 billion
FY27 recommended budget for MCPS is $3.8 billion


Inflation during that time was 62%. https://www.usinflationcalculator.com/
A 62% increase would have been $2.9 billion for this year.

Instead, the proposed MCPS budget is a 111% increase from 20 years ago.

Try it again with per pupil funding. We have more students.

so where's the additional property tax money? why does he need to increase? more pupils should mean more gov revenue, but....

It’s a complicated answer. Part of the answer is that Andrew Friedson has kept eroding the tax base by sponsoring full property tax abatements for new construction. Evan Glass has gone along with this. The other part of the answer is that rental apartment buildings generate less tax revenue than comparable condos because the methodology for assessing for their value is different. The county’s growth was supposed to have it swimming in revenue, but unfortunately the budget picture has gotten worse the more the county has grown.

You didn't answer the question - you just spouted your anti Friedson diatribe.

According to the most recent fiscal plan update, there is a projected reduction of tax revenues because of "federal policies."

"Most of the decrease is due to softening in the county's property and income taxes in future fiscal years based on assumptions that the Federal Administration's policy decisions will result in reduced economic activity or a possible recession. The county's income tax collections lag economic indicators and revenue projections from the State."

"Property taxes are projected to be less than budgeted for FY26 by $24 million. This reduction is due to reductions in the assessable tax base from appeals and greater payments for the Income Tax Offset Credit than budgeted."

https://montgomerycountymd.granicus.com/MetaViewer.php?view_id=169&clip_id=18433&meta_id=208644

And? None of that means that the Friedson and Glass actions aren't also a huge factor. In fact, they are more damaging now given the federal policy actions affecting individuals in the county and their tax burden.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Schools, schools, schools,......my arse.

They ALWAYS try to pawn off tax increases because "it is for the schools!". This is totally insane. Basically, 10% tax increases in only 2 years on top of reassessments that always go up every few years. They need double tax increases? Really?

Newsflash. The economy sucks. A lot of federal workers lost jobs. Prices for food, insurance, and utility bills are exploding. Now they want to crush your housing affordability even more.

Is everyone's salaries going up to cover all these rising costs? Of course not.

There isn't a single tax Dems have never not liked. It's never a spending problem to them, only a taxation problem. Cut the number of employees in MoCo govt. Make them pay more money for benefits. Slash their retirement and pensions. Stop all hiring for 5 years.

They will just have to work more efficiently, boo hoo.

We're spending less on schools now than 20 years ago. Computers and automation don't make schools cheaper to operate.

FY07 approved budget for MCPS was $1.8 billion
FY27 recommended budget for MCPS is $3.8 billion


Inflation during that time was 62%. https://www.usinflationcalculator.com/
A 62% increase would have been $2.9 billion for this year.

Instead, the proposed MCPS budget is a 111% increase from 20 years ago.

Try it again with per pupil funding. We have more students.

so where's the additional property tax money? why does he need to increase? more pupils should mean more gov revenue, but....

It’s a complicated answer. Part of the answer is that Andrew Friedson has kept eroding the tax base by sponsoring full property tax abatements for new construction. Evan Glass has gone along with this. The other part of the answer is that rental apartment buildings generate less tax revenue than comparable condos because the methodology for assessing for their value is different. The county’s growth was supposed to have it swimming in revenue, but unfortunately the budget picture has gotten worse the more the county has grown.

You didn't answer the question - you just spouted your anti Friedson diatribe.

According to the most recent fiscal plan update, there is a projected reduction of tax revenues because of "federal policies."

"Most of the decrease is due to softening in the county's property and income taxes in future fiscal years based on assumptions that the Federal Administration's policy decisions will result in reduced economic activity or a possible recession. The county's income tax collections lag economic indicators and revenue projections from the State."

"Property taxes are projected to be less than budgeted for FY26 by $24 million. This reduction is due to reductions in the assessable tax base from appeals and greater payments for the Income Tax Offset Credit than budgeted."

https://montgomerycountymd.granicus.com/MetaViewer.php?view_id=169&clip_id=18433&meta_id=208644

And? None of that means that the Friedson and Glass actions aren't also a huge factor. In fact, they are more damaging now given the federal policy actions affecting individuals in the county and their tax burden.

+1. Friedson and Glass have pursued a strategy that will deprive the county of revenue from growth while also pursuing policies that lead to disinvestment in infrastructure. This helps people who hold commercial properties and are trying to cash out in the short term but hurts people who plan to stay in the county and is damaging to growth in the long term. Nova made big infrastructure investments in Ballston, Tysons, and Reston, and that’s a major reason they’ve been able to grow at the rates that they have.