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For Immediate Release: Thursday, March 14, 2024
County Executive Proposes Record Funding for Education, Affordable Housing and Economic Development and Does Not Propose Any Tax Rate Increases
Montgomery County Executive Marc Elrich today released his recommended Fiscal Year 2025 (FY25) Operating Budget of $7.1 billion, which is an increase of 4.9 percent from the FY24 approved all funds budget (County Government plus outside agencies).
The FY25 budget reflects growing demands for services, increased costs for operations, fulfilling contracts with County labor partners, a commitment to schools and a strengthened approach to economic development activities.
To access the entire recommended FY25 budget, click here. To watch the County Executive’s FY25 recommended budget presentation, click here.
The County Charter requires the County Executive to present a recommended budget by March 15 of each year. The recommended budget will be reviewed by the County Council over the next two months. The Council will adopt the new County budget in May, and it will go into effect on July 1.
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