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MoCo Monitor
Finance

GO Committee to Review Income Tax Rate Increase to 3.3%

County Executive proposes raising Montgomery County's income tax rate from 3.2% to 3.3%, the first change since FY04.

MCCouncil· Apr 28, 2026· 0 links
From: Montgomery County Council – Press Release — “Montgomery County Council Committee Meetings on April 29, 2026”
Apr 28
Finance

County Proposes $1.0885 Property Tax Rate, Flat ITOC for FY27

County Executive proposes a weighted real property tax rate of $1.0885 per $100 assessed value, a 6.3-cent increase, with ITOC held at $692.

MCCouncil· Apr 28, 2026· 0 links
From: Montgomery County Council – Press Release — “Montgomery County Council Committee Meetings on April 29, 2026”
Apr 28
Finance

Jawando Releases Alternative FY2027 Budget Framework, No Property Tax Hike

At-Large Councilmember Jawando proposes closing a $189M budget gap without raising property or income taxes on most county residents.

Jawando· Apr 27, 2026· 0 links
From: Councilmember Will Jawando — “Councilmember Will Jawando Releases Budget Framework for Working Families”
Apr 27
Finance

County Wins $150K Grant for Disaster Financial Resilience

Montgomery County receives $150,000 from the CFE Fund to integrate financial empowerment into emergency preparedness and disaster recovery plans.

Montgomery County PIO· Apr 27, 2026· 1 link
From: Press Release - Montgomery County, MD — “Montgomery County Wins National Award to Strengthen Financial Resilience for Res…”
Apr 27
Finance

Council to Vote on Extending FY27 Collective Bargaining Deadline to May 4

Council expected to vote April 28 on extending the May 1 deadline to review FY27 collective bargaining agreements to May 4.

MCCouncil· Apr 27, 2026· 0 links
From: Montgomery County Council – Press Release — “Montgomery County Council Meets on April 28 to Review FY27 Compensation and Bene…”
Apr 27
Finance

Council Reviews $4.9B FY27 Compensation and Benefits Request

The Council reviews a $4.9B combined compensation and benefits request from county-funded agencies, a 4.5% increase over FY26.

MCCouncil· Apr 27, 2026· 0 links
From: Montgomery County Council – Press Release — “Montgomery County Council Meets on April 28 to Review FY27 Compensation and Bene…”
Apr 27
Finance

Council Weighs Income Tax Hike to 3.3 Percent

Montgomery County Council will hold a public hearing May 12 on a resolution to raise the county income tax rate to 3.3%.

MCCouncil· Apr 27, 2026· 0 links
From: Montgomery County Council – Press Release — “Montgomery County Council to Hold Public Hearing on May 12, 2026”
Apr 27
Finance

County Minimum Wage Rate Rises to $18.55 July 1

Montgomery County's Wage Requirements Law rate increases from $18.15 to $18.55 per hour effective July 1, 2026.

Office of Procurement· Apr 24, 2026· 0 links
From: Montgomery County Procurement — “Business Opportunities Newsletter”
Apr 24
Finance

State Budget Shifts Pension Costs, Cuts Disability Funding to Counties

Maryland's 2026 budget shifts pension obligations to counties and reduces developmental disability funding, raising local service pressure.

PIO· Apr 24, 2026· 1 link
From: Press Release - Montgomery County, MD — “Montgomery County Executive Marc Elrich Highlights Major Investments and Legisla…”
Apr 24
Finance

Utility RELIEF Act to Save Maryland Residents ~$150 Annually

Maryland's Utility RELIEF Act is projected to save residents about $150 per year through utility cost and transparency reforms.

PIO· Apr 24, 2026· 1 link
From: Press Release - Montgomery County, MD — “Montgomery County Executive Marc Elrich Highlights Major Investments and Legisla…”
Apr 24
Finance

State Approves $172M for 130-Plus County Capital Projects

Maryland's 2026 session approved $172M for Montgomery County capital projects, including $54M for 11 school construction sites.

PIO· Apr 24, 2026· 1 link
From: Press Release - Montgomery County, MD — “Montgomery County Executive Marc Elrich Highlights Major Investments and Legisla…”
Apr 24
Finance

Council Hearing on $100K Roadside Trees Budget Supplement

County Council holds public hearing May 5 on a $100,050 supplemental appropriation for roadside tree protection funded by the Street Tree Planting Fund.

Montgomery County Council· Apr 24, 2026· 0 links
From: Montgomery County Council – Press Release — “Montgomery County Council to Hold Public Hearings on May 5 and June 9, 2026”
Apr 24
Finance

$1.2M Security Grants Awarded to 90+ Nonprofits

Montgomery County announced $1.2 million in security grants for nonprofits and religious groups at risk of hate crimes.

Glass· Apr 24, 2026· 0 links
From: Councilmember Evan Glass — “The Glass Gazette: ICE Out, Security Grants and Speed Limits”
Apr 24
Finance

GO Committee to Review FY27 Community Grants NDA Budget

The GO Committee will review the FY27 Operating Budget for the Community Grants Non-Departmental Account and Office of Grants Management on Apr. 24.

Stewart· Apr 23, 2026· 0 links
From: Montgomery County Council – Press Release — “Montgomery County Council Committee Meeting on April 24, 2026”
Apr 23
Finance

GO Committee Reviews $1.77M Racial Equity Office Budget

The GO Committee meets Apr. 24 to review the FY27 budget for the Office of Racial Equity and Social Justice, totaling nearly $1.77 million.

Stewart· Apr 23, 2026· 0 links
From: Montgomery County Council – Press Release — “Montgomery County Council Committee Meeting on April 24, 2026”
Apr 23
Finance

FY27 Plan Makes $50M Down Payment on $257M Structural Deficit

Fani-González's budget proposal sets aside $50M to address a projected $257M+ structural deficit forecast for FY28.

Fani-González· Apr 23, 2026· 0 links
From: Council President Natali Fani-González — “New budget approach: your questions answered”
Apr 23
Finance

FY27 Budget Plan Proposes Eliminating ITOC and WFIS Tax Credits

Fani-González's FY27 budget would eliminate the Income Tax Offset Credit and Working Families Income Supplement to offset reduced income tax rates.

Fani-González· Apr 23, 2026· 0 links
From: Council President Natali Fani-González — “New budget approach: your questions answered”
Apr 23
Finance

Council President Pitches Progressive Income Tax Structure for FY27

Proposal would cut income tax rates for households earning under $300K and raise them slightly for those earning above that threshold.

Fani-González· Apr 23, 2026· 1 link
From: Council President Natali Fani-González — “New budget approach: your questions answered”
Apr 23
Finance

Fani-González Proposes No Property Tax Rate Increase in FY27

Council President proposes eliminating County Executive's 6.3-cent property tax rate increase in the FY27 Operating Budget.

Fani-González· Apr 23, 2026· 1 link
From: Council President Natali Fani-González — “New budget approach: your questions answered”
Apr 23
Finance

Elrich Opposes FY27 Budget Counterproposal by Council President

County Executive Elrich pushes back on Fani-González's FY27 budget proposal, defending Working Families Income Supplement and Earned Income Tax Credit.

Elrich· Apr 22, 2026· 0 links
From: Media Advisory - Montgomery County, MD — “Montgomery County Executive Marc Elrich's Weekly Media Briefing at 1:30 p.m…”
Apr 22
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