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Monday, May 17, 2010

Wash Post: MoCo Scrambles to Avoid Running Out of $$$$$$$$

The party's over in Montgomery County, according to an online article in the Washington Post.

Public schools were showered with resources, public employees were paid generously, the uninsured were given health coverage and the poor were given tax breaks.
Now officials are scrambling not to run out of money by June 30.

Wonder what the Bond Rating agencies will have to say about THAT?
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2 comments:

  1. Lyda AstroveMay 17, 2010 at 9:34 PM

    Quote of the day:

    "When there's a lot of money, it's fun to give it away," said Nancy Dacek, a former PTA leader who served for a dozen years on the Montgomery County Council, including during the region's last major downturn in the early 1990s.

    ReplyDelete
  2. Local Tax ExpertMay 17, 2010 at 10:35 PM

    Translation: Giving away other people's money fulfills some sort of inner need.

    ReplyDelete

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