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County executive warns of $28 million shortfall as council hears arguments on development impact tax changes

Montgomery County Council · October 1, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

At a public hearing, the county executive’s representative warned Bill 16-24 could reduce impact tax revenue by more than $28 million over six years; developers and affordable-housing advocates urged exemptions to spur housing near transit and support small-home projects.

A public hearing Oct. 1 on Bill 16-24 drew competing arguments about whether changes to development impact taxes would ease housing production or undermine the county’s capital program.

Rachel Silberman, speaking for the county executive's Office of Management and Budget, urged caution. "The planning board's proposed impact tax and growth in infrastructure policy changes…

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