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Committee urges restoring Green Bank funds tied to BEPS; discretionary reductions split for reconciliation
Summary
A joint T&E/GO committee recommended maintaining the energy-tax transfer tied to the Montgomery County Green Bank and placed the remainder of the executive—s proposed reduction into two reconciliation tranches to preserve funding for building energy performance standards work.
A joint committee of the County Council recommended that the council maintain the elected 10% transfer tied to the county—s energy tax to the Montgomery County Green Bank and split the executive-recommended discretionary reduction into two tranches for later reconciliation.
Why it matters: Council members stressed that the Green Bank—s funding helps leverage private capital and underpins compliance and…
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