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MoCo Monitor
Finance

Council Reaches Preliminary FY27 Budget Agreement

Montgomery County Council reached a preliminary agreement on the FY27 Operating Budget and FY27-32 Capital Improvements Program on May 15, 2026.

Evans· May 15, 2026· 0 links
From: Councilmember Shebra Evans — “Councilmember Shebra Evans' Statement on the FY27 Operating Budget and Amen…”
May 15
Finance

Luedtke Votes Against FY2027 County Budget

Councilmember Luedtke opposed the preliminary budget approved May 15, citing a projected $293M structural deficit from one-time funding use.

Luedtke· May 15, 2026· 0 links
From: Councilmember Dawn Luedtke — “My Vote on the Budget”
May 15
Finance

CUPF Adjusting Facility Fees for Community Spaces

Community Use of Public Facilities is updating its fee schedule for county community spaces; details available online.

CUPF· May 15, 2026· 0 links
From: Montgomery County, MD — “Welcome to the Relaunch of Our Community Use of Public Facilities Newsletter”
May 15
Finance

County Adopts Progressive Income Tax, Cuts Rates for Earners Under $150K

FY27 budget introduces a progressive county income tax, reducing rates for ~75% of filers earning under $150,000.

Stewart· May 15, 2026· 0 links
From: Councilmember Kate Stewart — “My FY27 Budget Statement”
May 15
Finance

Council Passes $7.9B FY27 Operating Budget

Montgomery County Council voted May 15 to approve a $7.9B operating budget and $6.3B capital budget for FY2027.

Stewart· May 15, 2026· 0 links
From: Councilmember Kate Stewart — “My FY27 Budget Statement”
May 15
Finance

County Budget Cuts Over $100M in County Government Services

The FY27 budget reduces the county government budget by more than $100 million, with cuts described as affecting multiple departments and services.

Stewart· May 15, 2026· 0 links
From: Councilmember Kate Stewart — “Councilmember Stewart's Statement on the FY27 Operating Budget and Amendmen…”
May 15
Finance

Council Eliminates Income Tax Offset Credit for Homeowners

The Income Tax Offset Credit (ITOC), available only to owner-occupied homeowners, is eliminated in the FY27 budget; other property tax credits remain.

Stewart· May 15, 2026· 1 link
From: Councilmember Kate Stewart — “Councilmember Stewart's Statement on the FY27 Operating Budget and Amendmen…”
May 15
Finance

County Adopts Progressive Income Tax, Cuts 75% of Filers' Rates

New progressive income tax reduces rates for residents earning under $150,000 while raising them for higher earners, effective in FY27 budget.

Stewart· May 15, 2026· 0 links
From: Councilmember Kate Stewart — “Councilmember Stewart's Statement on the FY27 Operating Budget and Amendmen…”
May 15
Finance

Council Advances $7.9B FY27 Operating Budget

Montgomery County Council reached preliminary agreement May 15 on a $7.9B operating budget and $6.3B Capital Improvements Program for FY27.

Stewart· May 15, 2026· 0 links
From: Councilmember Kate Stewart — “Councilmember Stewart's Statement on the FY27 Operating Budget and Amendmen…”
May 15
Finance

Council Approves $1.3B FY27 Capital Budget, $6.3B Six-Year CIP

The Council passed a $1.3B FY27 Capital Budget and $6.3B FY2027–2032 Capital Improvements Program on a 9-2 preliminary vote.

MCCouncil· May 15, 2026· 0 links
From: Montgomery County Council – Press Release — “Montgomery County Council Reaches Agreement on $7.9 Billion Fiscal Year 2027 Ope…”
May 15
Finance

Council Adopts Progressive Income Tax, Rejects Property Tax Hike

Council enacted a new tiered income tax structure; 95% of residents will pay less income tax, and a proposed 6.1% property tax increase was rejected.

MCCouncil· May 15, 2026· 0 links
From: Montgomery County Council – Press Release — “Montgomery County Council Reaches Agreement on $7.9 Billion Fiscal Year 2027 Ope…”
May 15
Finance

Council Agrees on $7.9B FY27 Operating Budget, 9-2

Montgomery County Council reached preliminary 9-2 agreement on a $7.9 billion FY2027 operating budget; final vote set for May 21.

MCCouncil· May 15, 2026· 1 link
From: Montgomery County Council – Press Release — “Montgomery County Council Reaches Agreement on $7.9 Billion Fiscal Year 2027 Ope…”
May 15
Finance

Council Votes 6-5 to Eliminate $692 Homeowner Tax Credit

The Montgomery County Council voted 6-5 to eliminate the Income Tax Offset Credit, raising costs for many seniors and fixed-income homeowners.

Mink· May 15, 2026· 0 links
From: Councilmember Kristin Mink — “I voted to preserve the Income Tax Offset Credit”
May 15
Finance

Council Hearing: MCPS Capital Budget Supplemental Appropriations

Council holds June 9 hearing on three MCPS supplemental appropriations totaling ~$5.3M for facilities, sustainability, and technology.

MCCouncil· May 15, 2026· 0 links
From: Montgomery County Council – Press Release — “Montgomery County Council to Hold Public Hearings on June 9, June 16 and July 21…”
May 15
Finance

Council Reaches Preliminary FY27 Budget Agreement

Montgomery County Council reached a preliminary agreement on the $7.9B FY27 Operating Budget and FY27-32 Capital Improvements Program on May 15.

Glass· May 15, 2026· 0 links
From: Councilmember Evan Glass — “Councilmember Glass' Statement on the FY27 Operating Budget and Amendments …”
May 15
Finance

Elrich Criticizes Council's FY27 Budget Straw Vote

County Executive Elrich says Council's $140M property tax hike via ITOC elimination is regressive and relies on one-time budget maneuvers.

Elrich· May 15, 2026· 0 links
From: Statement - Montgomery County, MD — “Statement from County Executive Marc Elrich on the County Council Straw Vote on …”
May 15
Finance

Friedson Opposes FY27 Budget Over Tax Increases

Councilmember Friedson withheld support for the FY27 operating budget, citing tax increases and a projected ~$293M structural deficit.

Friedson· May 15, 2026· 0 links
From: Councilmember Andrew Friedson — “Councilmember Andrew Friedson’s Statement on the FY27 Operating Budget and Amend…”
May 15
Finance

Council Reaches Preliminary FY27 Budget Agreement, Final Vote May 21

Montgomery County Council reached a preliminary agreement on the FY27 operating and capital budgets May 15; final vote scheduled for May 21.

Luedtke· May 15, 2026· 0 links
From: Councilmember Dawn Luedtke — “Councilmember Luedtke's Statement on the FY27 Operating Budget and Amendmen…”
May 15
Finance

New Progressive Income Tax Structure Approved for County

95% of Montgomery County wage earners will receive an income tax cut under a new progressive income tax structure approved in the FY27 budget.

Fani-González· May 15, 2026· 0 links
From: Council President Natali Fani-González — “Council President Fani-González’s Statement on the FY27 Operating Budget and Ame…”
May 15
Finance

Council Reconciles FY27 Budget, CIP on May 15

Montgomery County Council meets May 15 at 10 a.m. to wrap up and reconcile the FY27 operating budget and six-year capital improvements program.

MCCouncil· May 14, 2026· 0 links
From: Montgomery County Council – Press Release — “Montgomery County Council Meets on May 15 to Reconcile the Fiscal Year 2027 Oper…”
May 14
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