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Montgomery County commissioners present resolution to formalize sharing of 1¢ sales tax with local schools
Summary
Commissioners discussed a resolution to formalize an agreement allowing Montgomery Public Schools and Pike Road Schools to rely on the county's 1¢ sales-tax stream for bonding and long-term planning; no formal vote was recorded during the preliminary session.
Montgomery County Commission members discussed a resolution that would formalize a mechanism for Montgomery Public Schools (MPS) and Pike Road Schools to access the county's 1¢ sales-tax revenue, a presenter said. Unidentified Speaker 1 said the county projects that between 2023 and 2030 the combined sales-tax and ad valorem property-tax receipts could total "nearly $1,000,000,000" and noted that "40% of the total money we take has gone to public education."
The speaker…
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