Montgomery County officials expect their budget deficit to swell to more than 608 million dollars. Their previous budget estimate - made in September - underestimated and was more than 240 million dollars off.
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I wonder how their County Council will react at their planned emergency meeting.
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5 comments:
My household budget has be running deficits. Can I just pass a law and raise my salary?
Maybe I should have an emergency family meeting.
Maybe I should rethink how I'm spending money, like the County of Montgomery should do!
Montgomery's County Executive probably elected not to engage the BOE in curtailing their budget just like in Wicomico.
If Montgomery doesn't look-out they could file for bankruptcy. I've heard of other municpals filing for bankruptcy before.
Sounds to me like they are already bankrupt.
I wonder if Moodies and S&P will give them a positive credit rating in light of their circumstances.
montgomery county is one the wealthiest counties in the country...plenty of taxpayer money available to them to balance things...dan snyder being one of them....
it's the democratic-run, maryland way! keep voting them in...and that's what you get.
Who gives a flying fig about those rich retired goverment workers/politicians living in Montgomerey COunty. They are the richest people in MAryland courtesy of the US taxpayer. You vote Liberal, you act like smug elite liberals, so enjoy your liberal economic disaster you desperately wanted.
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