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Committee recommends council approve FY26–31 tax‑supported fiscal plan summary; staff warn of downside revenue risk

3814013 · June 13, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The committee unanimously recommended the six‑year tax‑supported fiscal plan summary for fiscal 2026–2031 to the full council, highlighting assumptions used and cautioning that revenue growth projections are modest after FY26 and risks are weighted to the downside amid federal and state uncertainty.

Mr. Smith, Council staff for budget matters, presented the tax‑supported fiscal plan summary for fiscal 2026–2031 and asked the Government Operations and Fiscal Policy Committee to recommend the plan to the full Montgomery County Council. The committee voted unanimously to recommend the resolution to approve the plan.

The plan: Mr. Smith said the charter requires the executive to submit a six‑year public service program with the operating budget and the council to approve a fiscal plan summary. He described the document as a "snapshot in time" that will be revised twice over the next 12 months (next in December with updated revenue projections and again in March with the executive's recommended operating budget for FY27). The fiscal plan before the committee incorporated council actions on taxes and assumes no…

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