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 told commissioners the proposed agreement would give MPS and Pike Road Schools "a mechanism to go to the bond market, to go borrow money" using the revenue stream as security, and described the instrument as a one-year agreement that would renew indefinitely unless a party gives 180 days' written notice. "It does not have any bearing on what we do," the speaker added, saying the 1¢ sales tax can still be rescinded by a majority vote of the commission if members later choose to do so.
The discussion emphasized the county's current sales-tax structure: "We collect 2 and a half cents," the presenter said, noting the state, city and county collections together. The presenter also cited an annual figure of about "$42,000,000 a year that MPS is getting now that they did not get in 2023," and stressed the commission's intent to continue supporting local schools.
No formal vote on the resolution was recorded in the preliminary session transcripts provided. Commissioners said they supported sharing information and working with the schools to finalize the details; the presenter urged commissioners not to let the possibility of unilateral future action by the commission "hang over" the schools, and described the proposed agreement as a way to provide the school systems with certainty for borrowing and planning.
The commission adjourned the preliminary portion of the meeting for a five-minute break before the formal session.