Anonymous wrote:Empower Montgomery, Sage Policy Group, Washington Property Company: they're all the same people. It's absolutely possibly to work at developing in MoCo, just look around you.
The sky is not falling.
Anonymous wrote:The white boomers are retiring. They then make less money and/or move to a retirement location outside the county.
The immigrants coming in are younger and in a lower level in their career. So their income isn’t as high.
It is not all doomsday like you think. Could it be better? Sure.
Anonymous wrote:https://aminerdetail.com/new-report-paints-devastating-economic-outlook-for-montgomery-county/
Report certainly destroys the illusion that Montgomery County is doing well. I am a Democrat and County resident. I find the current political leadership appalling. The County has budget issues, and all the County wants to do is to tax more. It already has one of the highest tax burdens in the region. More taxes will simply drive upper income residents out of the County. Close-in County residents will move across the border to DC, with its lower tax burden. Upper upper income folks will move to second homes in Florida or elsewhere. County is attracting low income residents, while turning away high income residents. Note very low growth in income tax revenues. Great economic model. Our region has boomed over the last 10 plus years. Tax revenues should be up. But not in the County. What happens when the likely recession occurs in the next few years. The County's political leadership is clueless.
Anonymous wrote:https://aminerdetail.com/new-report-paints-devastating-economic-outlook-for-montgomery-county/
Report certainly destroys the illusion that Montgomery County is doing well. I am a Democrat and County resident. I find the current political leadership appalling. The County has budget issues, and all the County wants to do is to tax more. It already has one of the highest tax burdens in the region. More taxes will simply drive upper income residents out of the County. Close-in County residents will move across the border to DC, with its lower tax burden. Upper upper income folks will move to second homes in Florida or elsewhere. County is attracting low income residents, while turning away high income residents. Note very low growth in income tax revenues. Great economic model. Our region has boomed over the last 10 plus years. Tax revenues should be up. But not in the County. What happens when the likely recession occurs in the next few years. The County's political leadership is clueless.
Anonymous wrote:https://aminerdetail.com/new-report-paints-devastating-economic-outlook-for-montgomery-county/
Report certainly destroys the illusion that Montgomery County is doing well. I am a Democrat and County resident. I find the current political leadership appalling. The County has budget issues, and all the County wants to do is to tax more. It already has one of the highest tax burdens in the region. More taxes will simply drive upper income residents out of the County. Close-in County residents will move across the border to DC, with its lower tax burden. Upper upper income folks will move to second homes in Florida or elsewhere. County is attracting low income residents, while turning away high income residents. Note very low growth in income tax revenues. Great economic model. Our region has boomed over the last 10 plus years. Tax revenues should be up. But not in the County. What happens when the likely recession occurs in the next few years. The County's political leadership is clueless.