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MontCo budget gap grows to $136 million

By Kate Jacobson
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MontCo budget gap grows to $136 million

Montgomery County is facing a $136 million budget gap next fiscal year, almost double the $71 million that had been projected, as taxes are bringing in less revenue than expected.

County finance officials on Tuesday predicted a drop in county revenue from property, energy and telephone taxes of about $8.8 million from fiscal 2013 to fiscal 2014, with costs expected to increase $98.8 million in the $4.1 billion budget.

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Kate Jacobson Local News Maryland