Council Votes to Raise Recordation Tax to Add Funding for @mcps Construction [And MCPS Personnel Because those Costs are Also Hidden in the Capital Budget]

The County Council yesterday voted to raise a tax rate in order to provide additional funding for Montgomery County Schools construction and capital projects, as well as increase funding for rental assistance.

“The recordation tax premium will increase from its current rate ($2.30 per $500) as follows: recordations between $600,000 and $750,000 will be charged $5.75 per $500; those more than $750,000 to $1 million will be charged $6.33 per $500; and those valued at more than $1 million will be charged $6.90 per $500,” the release continues...

Montgomery County council looks to reduce MCPS funding to lower 10% tax hike (fox5dc.com)

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Here's what's hidden in the MCPS Capital Budget, more personnel!  

fy2023_appendix-e_non-operatingbudgetpositions.pdf (montgomeryschoolsmd.org)