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Metropolitan DC Local Politics
Reply to "MoCo Looking to Cut Debt"
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[quote=Anonymous]In 2016, voters were told the CC needed to raise property taxes to fund school construction. "Riemer, who is proposing reducing spending guidelines by $10 million every two years over the next six years, said Friday it’s important that the council find a sustainable approach to the growing debt. He said the challenge will be doing so without hurting future school construction plans. He said one reason the County Council felt it needed to raise taxes in 2016 was because the county continued to add significant debt. By reducing the amount of bonds issued each year, the county whittle down its debt-service payments, Riemer said" http://www.bethesdamagazine.com/Bethesda-Beat/2017/As-Debt-Service-Payments-Grow-County-Council-Looks-To-Limit-New-Capital-Bonds/[/quote]
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