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Some council members concerned about budget proposal for next year
Officials push back on federal aid assumptions, employee raises
April 15, 2021 | 8:32 am
April 15, 2021
File photo
As the COVID-19 pandemic continues to chip away at the economy, Montgomery County officials are looking ahead to financial uncertainties of the next fiscal year.
Although tax-supported revenues are expected to grow by 0.8%, County Executive Marc Elrich proposed a budget for fiscal year 2022 that is about a 5% increase from the current fiscal year’s budget. The next fiscal year begins on July 1.
During a briefing on the budget with the County Council on Tuesday, staff members discussed key points of the recommended $6.7 billion spending plan.
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According to the federal report, at least 79,000 of the city’s more than 700,000 residents are “rent burdened,” which means more than 30% of their income goes toward rent due to a lack of affordable housing. The Biden administration‘s American Jobs Plan (AJP) would allocate more than $200 billion to address housing issues nationwide.
Ms. Bonds, who chairs the Housing and Executive Administration Committee, said in an email that it is “exciting to see we will have resources to increase our affordable housing supply.”
“I look forward that at a minimum 20-30% of units [will] be affordable for incomes at 60% and below Area Medium Income (AMI) to allow retail, nonprofit and service industry households to have safe sanitary and quality living environments,” Ms. Bonds said.