April 11, 2016
Leggett to Council: Reduce Proposed Property Tax Increase
The legislation, Senate Bill 766, saves Montgomery County $33 million for the upcoming year, reducing the Wynne costs to $17 million. Reducing the property tax increase from 3.9 cents per $100 assessed valuation to 2.1 cents – a 46 percent reduction - brings the County Executive’s proposed average monthly property tax increase down from $27 to $20.17.
Leggett’s initial proposed operating budget included $50 million to cover Wynne case costs. With the State Delegation extension of back payments, the proposed budget has been revised to reflect the savings from the legislation. Click here to see the memo from the County Executive to the County Council.