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Metropolitan DC Local Politics
Reply to "MoCo Question B would be a disaster"
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[quote=Anonymous]Just a friendly reminder for those who aren't reading the full thread that if approved, Question B will put the county's AAA bond rating at risk. We already have a revenue cap in Montgomery County. The Charter requires a unanimous vote of the County Council to exceed it. Question B would make the cap permanent. Meaning if an unexpected cost occurs (like the state shifting pension costs to the county, as it did a few years ago, and it's not an insignificant cost), or if the state changes the education funding formula so MoCo gets less state aid for schools, the Council will have no choice but to reduce services and/cancel or postpone capital projects like school renovations. And it means as property values go up, county revenues can't keep up to pay workers enough to live in the county. It's a terrible idea.[/quote]
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