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Metropolitan DC Local Politics
Reply to "Montgomery County Budget $99.8 Million Shortfall"
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[quote=Anonymous]MoCo is spending what, 7-8% of its budget on debt service alone? By 2025 the county will spend $500 million on debt service which is starting to approach 10%. What happens beyond that? What happens if the credit rating drops and interest for up? The whole system come crashing down. A change in credit rating and how much debt MoCo has is absolutely terrifying. [/quote]
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