Elrich proposes 3.5% property tax rate increase to fund MCPS budget

Montgomery County Executive Marc Elrich announced Friday he is proposing a 3.5% property tax rate increase in order to fully fund Montgomery County Public Schools’ (MCPS) $3.65 billion budget request for the upcoming fiscal year.

The proposed property tax increase is part of Elrich’s recommended $7.6 billion county operating budget plan for fiscal year 2026, which he released during a briefing Friday morning in Rockville. The spending plan represents an increase of 7.4% from the county’s current $7.1 billion operating budget. The budget proposal now heads to the County Council for review and approval.

Elrich defended his proposed tax increase, noting “the most valuable asset this county has is its schools.”..

Elrich proposes 3.5% property tax rate increase to fund MCPS budget - Bethesda Magazine