Can’t Stop Spending that Cash of Yours

Okay, I don’t really feel all that much sympathy for the county executive.  But watching Ike Leggett maneuver is a little like watching a Buster Keaton movie;  “Oh, no, he’s about to walk under that falling piano!”

Just a couple of weeks ago, Leggett put out his proposed budget for the upcoming fiscal year (2014), detailing plans to (what else?) increase spending and (what else?) increase taxes.  He proposes to increase property taxes by 2.2%.  As the average tax bill in the county is about $4500, that is roughly an additional $100 per household annually.  (You’ve got that just lying around, don’t you?)

Furthermore, he’s is proposing to extend the “temporary” energy tax once again. According to legislation passed two years ago, residential energy taxes are scheduled to go back to 0.5 cents per KWH; instead, they’ll more than double.  Business rates are scheduled at 1.3 cents per KWH; instead, they’ll almost double.  Again, we’re talking hundreds of additional tax dollars to the county, which every home and business has to spare right now because we’re in such flush economic times.

Leggett also proposes to increase spending by $190 million (4.1%) this year, after an increase of $199 million the previous year.
Now comes the County Council budget analysts, who tells us that after increasing spending by $390 million over these two years, the county budget will have a $300 million deficit the following year.

Kate Jacobson, what will I do without you?

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Explore posts in the same categories: Budget and Taxes, County government, Montgomery County

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