Budget Woes Continue for the Next Year
The Office of Management and Budget present economic indicators and the county's fiscal plan.
Montgomery County will see a $140 million gap between expected revenue and expenditures, the county's Office of Management and Budget said Tuesday. Several factors could influence the final budget but the gap assumes no changes in contracts with vendors or employee unions, or new programs. About 80 percent of the current operating budget now pays for benefits for county employees. Councilman Philip M. Andrews (D-Dist. 3) said this number is, "clearly one that needs to be addressed." In addition, the Office of Management and Budget said the county could see an additional debt of $30 million, by 2012, from the fund necessary to maintain the county's capital budget. County revenues are projected to grow by 1.4 percent in 2011 and 2.9 percent…
