Public Hearing Today at 1:30 PM at Montgomery County Council
More information at this link:
Current yield rate: .723 per $100 of assessed value. (this does not include the State tax and all the other fees)
State recommend for coming year: .7004 (because assessments up)
County Exec Recommend: .7754
Council Staff Recommend: .7754
This
is a 3.2% increase in the rate and a 10.7% increase in the Constant
Yield Tax Rate. This would require 9 votes on the Council because the
10.7 % increase in the CYTR is above the rate of inflation (by a lot).
Current inflation rate is between .8% and 1.2%
Where is the "I am not happy" button.
ReplyDeleteHow did they all fit in a phone booth?
ReplyDeleteIt appears that they are all on-board together on this, all in lock step. Each Councilmember is getting something on the reconciliation list that they want, so the anguish of imposing a tax increase on their constituents will be lessened.
ReplyDeleteTheir pay raise will more than make up for the increase in both taxes and health premium.
DeleteThe cast of "One Flew Over The Cuckoo's Nest?"
ReplyDelete