After months of deliberation, public hearings and committee work sessions, the Montgomery County Council on Thursday approved a $7.1 billion county budget for fiscal year 2025, which begins July 1.
Montgomery County Executive Marc Elrich has transmitted his $5.852 billion Recommended Fiscal Year 2026 (FY26) Capital Budget and Amendments to the FY25-30 Capital Improvements Program (CIP) to the County Council.
Budget Update On , the Council voted to approve the County's $7.1 billion Fiscal Year (FY) 2025 Operating Budget and the $5.94 billion FY25-30 Capital Improvements Program (CIP) to fund school construction, infrastructure improvements and community projects.
Montgomery County Executive Marc Elrich this week released his recommended Fiscal Year 2024 (FY24) Operating Budget of $6.8 billion, which is an increase of 7.7 percent from the FY23 approved all funds budget (County Government plus outside agencies).
The total capital expenditure in RE 2022-23 is estimated at `7,28,274 crore. (ii) 5. The total expenditure in BE 2023-24 is estimated at `45,03,097 crore of which total capital expenditure is `10,00,961 crore.
Governor Wes Moore has introduced his FY2025 - $63.1 billion budget proposal. It will reduce the state's structural deficit for fiscal 2025 by 34%, bringing it down from the projected $761 million to $502 million, ing to the Department of Legislative Services.