Montgomery County Executive Marc Elrich pitched a 10cent property tax increase that would raise over $220 million for schools.
Montgomery County Executive Marc Elrich is proposing a 10-cent property tax increase that would bolster the county’s budget by roughly $220 million to cover the needs of Maryland’s largest school district.Under Elrich’s $6.8 billion spending plan for the budget year beginning July 1, the largest chunk of funding — $3.2 billion — would go to Montgomery County Public Schools.
Montgomery’s current property tax rate is roughly 99 cents per $100 of assessed value, meaning a person with a roughly $300,000 home pays nearly $3,000 in taxes, said Richard Madaleno, the county’s chief administrative officer. The proposed tax by Elrich would increase the bill by roughly $300. In pitching his plan, Elrich also pointed to state assessment results showing county students are following the national trend withbut lapses in math. About 31 percent of Montgomery County’s students from third through eighth grades received a proficient mathematics score on state testing administered in the spring. Twenty percent of students received a proficient score in Algebra I.
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