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Montgomery County committee hears macro overview of executive’s amended FY26 capital budget; no decisions taken
Summary
The Government Operations and Fiscal Policy Committee received a high-level briefing on the County Executive’s amended FY25–30 Capital Improvements Program and recommended FY26 capital budget; staff flagged technical adjustments, a decline in some impact-tax projections and a $37 million gap if certain deferrals are not accepted.
Montgomery County’s Government Operations and Fiscal Policy Committee on Wednesday received a high-level briefing on the County Executive’s amended FY25–30 Capital Improvements Program (CIP) and the recommended FY26 capital budget; committee members made no formal decisions.
Committee staff told members the amended CIP largely reflects technical timing changes rather than programmatic cuts, noting earlier-than-expected spending in FY24 moved dollars out of later years. Staff said general obligation bond programming remains at $1,680,000,000 over six years ($280,000,000 per year) and the executive retained PAYGO assumptions at or near the county’s 10% policy level overall, but reduced FY25 PAYGO from $51,200,000 to $28,000,000 to free operating funds.
The briefing outlined several revenue shifts. Recordation-tax projections for school projects…
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