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County council commits $20M for MCPS retiree health, advances FY25 school funding in three tranches
Summary
The Montgomery County Council approved two one-time FY24 actions totaling $20 million to cover MCPS retiree health benefits and advanced the Education & Culture committee's FY25 funding recommendation by splitting it into three tranches to preserve flexibility while adding accountability requirements.
The Montgomery County Council on May 10 approved two one-time budget actions that together provide $20,000,000 to Montgomery County Public Schools to pay retiree health insurance benefits and advanced a separate FY25 funding package for the school system.
Council President Friedson told colleagues the first actions were a $10,000,000 supplemental appropriation drawn from general-fund undesignated reserves and a $10,000,000 amendment to reallocate money within the FY24 budget (an OPEB transfer) to be used for current retiree health expenses. "This is a $20,000,000 commitment that we're making to the school system," the president said when introducing the items; both measures passed unanimously.
The council then turned to the Education & Culture committee's recommendation for next…
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