March 23, 2017

Montgomery County Executive Ike Leggett FY18 Operating Budget Closes $138 Million Gap; Boosts Schools Spending by $54 Million; Holds Line on Property Taxes

 FY2018 Recommended Operating Budget

On March 14 County Executive Ike Leggett released his Recommended FY18 Operating Budget of $5.4 billion for the year that begins on July 1, 2017 – a budget that increases County spending on the Montgomery County Public Schools (MCPS) by $54 million and holds property taxes at the Charter Limit by reducing the tax rate by 2.5 cents per $100 assessed valuation.

Leggett’s FY18 total budget increases spending from $5.3 billion to $5.44 billion, a 2.7 percent increase. This budget provides a blueprint for a sustainable and comprehensive fiscal future for the County. It reflects a balanced approach to meeting the growing needs of the County’s diverse communities and robust business sector while keeping faith with County taxpayers.

Read more on the budget highlights at press release.

County Government Spending

Budget Shortfalls Closed


The full budget and highlights are available on the County’s website at reports.data.montgomerycountymd.gov/omb.

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