County Council OKs $5.6B Operating Budget and $4.5B Capital Budget
On Thursday, May 24, the Montgomery County Council approved the County’s $5.6 billion Fiscal Year 2019 Operating Budget, the FY19 Capital Budget and the FY19-24 Capital Improvements Program. The Council approved a $4.5 billion FY19-24 CIP to fund school construction, infrastructure improvements and community projects.
The operating budget fully funds Montgomery County Public Schools and supports Montgomery College, the County’s Police Department, the Fire and Rescue Service and essential health and human services programs. The Council agreed to add nearly $6.7 million to the operating budget to maintain existing service levels and to minimize call response times for residents during emergencies. The budget also sets aside funding for the County’s FY19 revenue goal of 9.4 percent of adjusted governmental revenues. Funding for this financial obligation helps the County retain its AAA bond rating.
“Today we voted to approve the County’s FY19 Operating Budget and the FY19-24 Capital Improvements Program. Working together, we have produced a budget that is restrained and responsible, does not raise taxes, and ensures the County will continue to provide the superb services that so many of our residents appreciate so much,” said Council President Hans Riemer. “I credit the County Executive with making many great decisions in his budget, including fully funding Montgomery County Public Schools, which was also my highest priority. Among many changes, the Council was able to restore $6.7 million in proposed cuts to the Fire and Rescue Service, resulting in no cuts to these services, expand after school programs and pre-K, and shore up key safety-net services.” He went on to say, “In the capital budget, despite reducing our overall borrowing level, we increased funding for school construction, shifted transportation funding to transit and bike and pedestrian infrastructure, and added an