Monday, March 15, 2010

Leggett Closes $779 Million Budget Gap with Largest Spending Reduction Since 1968; Hard Choices Made Include Reductions in Programs, No Pay Increases, Furloughs, $3 Monthly Hike in Energy Tax

Montgomery County Executive Isiah Leggett today announced his recommended $4.3 billion operating budget that closes a $779 million gap for fiscal year (FY) 2011 that begins July 1. Leggett’s budget focuses on protecting essential services and his priorities of education, public safety and the safety net for the most vulnerable, but includes significant reductions in services and staffing levels.

Leggett’s hard choices resulted from the continued severity of the economic recession; doubling in the local rate of unemployment; declining residential and commercial development; ongoing, sharp declines in tax revenues and state aid; and emergencies such as the H1N1 flu outbreak and snow removal from this winter’s historic blizzards.

To view the complete press release from the Office of the County Executive, click here.

To view the budget highlights and the full budget, go to the Office of Management and Budget homepage on the County’s website at www.montgomerycountymd.gov/omb.

To view the executive summary of the FY 2011 Recommended Operating Budget, click here.

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