Reply to MoCo Question B would be a disaster

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote]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. [b]It's based on the idea that the representatives you elect are fundamentally irresponsible [/b]- which is odd, since the County has a AAA bond rating (that this change would put at risk).[/quote]

Whoa - first MOCO's AAA rating was at risk BEFORE the pandemic because of mismanagement of the budget. Instead of cutting expenses or putting tax increases in the table, he redirected money that was supposed to cover the pension liability. He created MORE financial risk for MOCO in a boom economy. With COVID hitting sales and income taxes he has no way out. He has done nothing to do draw business into the area. MOCO has dropped while NOVA and DC have taken over all new businesses. You can hate businesses but revenue from businesses would be another source of income for the county. It would also provide jobs and shorten commutes but this has been completely ignored by the current administration.

The reality is that the current administration is irresponsible. 
[/quote]

So vote him out.

I challenge you to find any reputable economist that thinks it makes sense to permanently cap tax revenues.  It is madness.[/quote]

Yep.

I'll definitely vote for A, and I'll almost certainly vote against Elrich when he's up. I knew he'd be a disaster for a lot of reasons. [/quote]

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