Leggett Budget Holds Line on Property Taxes at Charter Limit, Funds Schools at Maintenance of Effort Level, Boosts Public Safety, Libraries, Positive Youth Development and Seniors

WASHINGTON, D.C. – March 15, 2013 – (RealEstateRama) — Montgomery County Executive Isiah Leggett today announced his recommended $4.8 billion operating budget for fiscal year (FY) 2014 that begins July 1. Leggett’s budget holds the line on property taxes at the County Charter level below the rate of inflation. His recommendation includes a tax-supported County government budget of $1.3 billion, up 3.9 percent, which is half of last year’s increase. The budget increases County spending for Montgomery County Public Schools (MCPS) to the level required by the State’s Maintenance of Effort law.