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Metropolitan DC Local Politics
Reply to "MoCo Question B would be a disaster"
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[quote=Anonymous]I think people need to be aware that we currently have in Montgomery County, and Question B will make more strict, a revenue cap from property taxes bound by inflation as defined by the CPI. I think it's kind of weird to have a cap on revenues, and not on the tax rate. It means the County's revenues don't increase based on economic growth, except through income and sales taxes which make up a smaller share of revenues. But to make that cap permanent by preventing the Council from ever exceeding it, even with a unanimous vote, is deeply imprudent. It's based on the idea that the representatives you elect are fundamentally irresponsible - which is odd, since the County has a AAA bond rating (that this change would put at risk). [/quote]
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