Spending Reductions in Montgomery County, Maryland
Montgomery County Executive Marc Elrich has transmitted to the County Council a revised operating budget spending plan that calls for more than $66 million in reduced spending, including $38.7 million in reductions from the Fiscal Year 2021 Operating Budget and $27.5 million in reductions from the FY21-26 Capital Improvements Program (CIP).
The County Executive had asked all department and agency directors to submit suggested reductions to their budgets of at least six percent, but his budget reduction plan did not make across the board cuts. At this stage, the reductions do not include Montgomery County Public Schools (MCPS), which is still assessing potential cost reductions as it works toward finalizing plans for the coming school year.
“As we move forward, we must recognize there are still several unknown variables that will impact County government finances, including the lasting impact of COVID-19 on the County’s economy and our tax revenues, the need to maintain funds in reserve to address another potential wave of COVID-19 and whether there will be additional relief from the Federal government,” said County Executive Elrich.”
The reductions, when approved by the Council, would come from the $5.8 billion operating budget and the $4.4 billion six-year CIP that went into effect on July 1. The Council approved the budgets after reviewing the recommended operating budget the County Executive presented on March 16.
Press Release
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