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OMB: Montgomery County projects higher near-term revenues but flags state and federal uncertainties
Summary
OMB reported upward revisions to FY25–FY30 revenues (FY25 +$132 million) driven by stronger income-tax distributions, but staff warned that the increases largely offset — not erase — structural budget imbalances and that state and federal actions could shift the outlook.
Montgomery County’s Office of Management and Budget presented an updated six-year fiscal plan showing upward revisions to projected revenues, while cautioning the Council about lingering structural imbalances and new state and federal risks.
Key numbers: Craig Howard (OMB) said the December fiscal-plan update projects FY25 revenues $132 million higher and FY26 revenues about $128.5 million higher than in the approved budget. The out-year revisions increase projected revenues further toward FY30 if current trends hold.
Drivers and caveats:…
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