The Montgomery County Council at 7:30 p.m. on Thursday, November 29, will host a forum for the public to comment and ask questions on priorities relating to the Fiscal Year 2014 County operating budget planning process. The 90-minute session will include a presentation on the challenges that the Council and County Executive will face in formulating a balanced budget for the fiscal year that will begin on July 1.
The FY14 budget process will be significantly impacted by recent changes in State law regarding K-12 public education funding. The changes have added a layer of complexity to the County’s budget deliberations and fiscal outlook as the Maryland General Assembly recently amended the Maintenance of Effort (MOE) law that governs local education funding and shifted a large portion of the cost of teacher pensions to the County.
County departments are already working on early stages of the FY14 budget. County Executive Isiah Leggett is required to present his recommended budget to the Council by March 15. The Council and its committees will analyze the recommendations, make adjustments and adopt the budget by late May.
For more information on the Council forum, visit the Council's website. For information on the current budgets, visit the Office of Management and Budget's website.