Release Date: Friday, May 18th 2012
County Council Tentatively Agrees on Operating Budget for FY13
Montgomery County Council Reaches Tentative Agreement on $4.6 Billion Total Operating Budget for FY 2013; All-Agencies Budget Has 5.6 Percent Increase
ROCKVILLE, Md., May 17, 2012—The Montgomery County Council today unanimously reached tentative agreement on a $4.6 billion total County operating budget for Fiscal Year 2013. The budget, which reflects a 5.6 percent increase over the approved budget for FY 2012, “makes strategic restorations to County services that have recently sustained deep cuts and reflects the tenor of the times: Guarded optimism for our County’s fiscal outlook,” said Council President Roger Berliner.
The Council is scheduled to formally adopt the FY 2013 operating budget, and the Fiscal Years 2013-18 six-year Capital Improvements Program, on Thursday, May 24. The budget will go into effect on July 1.
The total FY 2013 budget of $4.6 billion includes $27.2 million from the shift in teacher pension costs from the State to the County. The FY 2013 tax-supported budget is $4.1 billion (including debt service).
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