Per Montgomery County: 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 recommended FY24 budget reflects record level and significant investments for Montgomery County Public Schools (MCPS), Montgomery College, affordable housing, economic development, public safety and efforts to combat climate change. To access the entire recommended FY24 budget, click here.

The County Charter requires the County Executive to present a recommended budget by March 15 of each year. The recommended budget will be reviewed by the County Council over the next two months. The Council will adopt the new County budget in late May. The new budget will go into effect on July 1. “While the Federal funding to assist residents who have been impacted by the pandemic has reached its end, the need for services and assist remain great,” said County Executive Elrich. “County expenditures are higher because we choose to continue funding programs that support residents who need help stabilizing their lives while also facing the realities of the highly competitive labor market and tremendous inflation. This budget is about choosing to maintain services and the social safety net that we created during the pandemic, while also providing record funding for education, affordable housing, combatting climate change and public safety.”