Reply to MoCo tax revenues sharply down

Forum Index » Metropolitan DC Local Politics

Reply to "MoCo tax revenues sharply down"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Happening in Virginia also:
https://www.washingtonpost.com/dc-md-va/2025/12/02/virginia-budget-taxes-spanberger-youngkin/

This will be a nationwide problem.[/quote]

Maybe, but MoCo's rent control legislation and inability to attrach any private business to the county certainly compound the issues there.  (Read the article linked).  [/quote]

Please. That guy blames everything on rent control. The fact is that rents are down. The economy has had the biggest impact on rents and rent control maybe had a little effect by capping the increases and making the average come out better. Lack of private business growth is also driving down rents.

But regardless of cause rents are down and no one is going to build new apartments while rents are down. Meanwhile, there’s a townhouse boom the likes of which we haven’t seen in a long time. At least one project converted from apartments to townhouses before breaking ground. That’s great for prospective owners.

Falling property valuations wouldn’t be such a problem if Andrew Friedson’s charter amendment hadn’t passed. His charter amendment let the county gorge on rising valuations but now that valuations are falling they’ll need to vote unanimously just to maintain the part of the property tax that goes to things other than schools. He’s set up a pretty tough vote for himself right before the primary, especially because he’s given his donors big tax breaks the past few years. Oops![/quote]

The MoCo Planning Department disagrees with you. It is “recommending the county change its “rent stabilization” law, saying it has had a chilling effect on housing development.”
https://www.thebanner.com/economy/growth-development/housing-shortage-montgomery-county-permitting-QZQYF25PBFGJRCDULPPKTKYI24/[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics