The Brief
- Montgomery County is facing a sharp budget standoff after the county council rejected County Executive Marc Elrich’s proposed $8 billion budget.
- Council leadership advanced alternative plans that would shift the county’s tax structure, including a proposed progressive income tax with rates ranging from 2.5% to 3.3%.
- Lawmakers are also considering eliminating an income tax offset credit used by many homeowners to reduce their annual property tax burden.
MONTGOMERY COUNTY, MD. – Montgomery County is facing a sharp budget standoff after the county council rejected County Executive Marc Elrich’s proposed $8 billion budget, which included a 6.3% property tax increase aimed at funding schools, maintaining county services and closing a projected budget gap.
In response, council leadership advanced alternative plans that would shift the county’s tax structure, including a proposed progressive income tax with rates ranging from 2.5% to 3.3%.
Lawmakers are also considering eliminating an income tax offset credit used by many homeowners to reduce their annual property tax burden, according to FOX 5 D.C. reporting. …