The Montgomery County Council has unanimously approved a $4.8 billion County total operating budget for Fiscal Year 2014. The budget, which reflects a 4.1 percent increase over the approved budget for FY 2013, “continues to invest in our economic and social infrastructure,” said Council President Nancy Navarro.The budget also maintains property tax revenue at the Charter limit. It includes a $692 property tax credit for owner-occupants of principal residences.
The overall tax-supported portion of the budget will be $4.2 billion, including debt service, an increase of 4.2 percent from the FY13 budget.
For Montgomery County Public Schools (MCPS), the Council approved a total budget of $2.225 billion, including $2.1 billion in tax-supported funds,), an increase of $57.7 million (2.65 percent increase from FY13) in the total budget. The budget provides a County contribution to MCPS that meets, but does not exceed, the State’s Maintenance of Effort Law requirement.
Montgomery College’s approved budget is $280 million, including $228 million in tax-supported funds. This is an increase of 4.2 percent from the FY13 approved budget and funds 99 percent of the College’s tax-supported request.
In the years between FY09 and FY12, the County Government workforce was reduced by 1,254 positions (10 percent). The FY13 budget restored 92 positions and the FY14 budget restores an additional 128 positions.
The budget maintains the County’s commitment to prudent fiscal policies that the Council and Executive mutually agreed are critical to maintaining sound fiscal management. The budget increases reserve levels to cushion the County against any additional unanticipated economic setbacks. It also again increases the pre-funding of retiree health benefits.
The approved budget strongly supports the County’s public safety commitment. The budget for the Department of Police is $260.5 million, an increase of $9.99 million (4.0 percent) from the FY13 approved budget. The budget implements the second year of the Police Department’s three-year staffing plan, adding 40 positions. The number of School Resource Officers assigned to Montgomery County Public Schools was doubled from the current six to 12.
The budget for the Montgomery County Fire and Rescue Service is $218 million, an increase of $13.5 million (6.6 percent) from the FY13 approved budget.
The FY14 operating budget, and adjustments to the Fiscal Years 2013-18 six-year Capital Improvements Program, will go into effect on July 1.
Read budget highlights and more details.