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Forecast: County Faces $71 Million Budget Gap in 2014

County officials blamed the bad economy, increased costs in health benefits for retirees and the $30 million needed to meet state funding requirements for Montgomery County Public Schools.

 

Early projections forecast a $71 million budget shortfall for 2014 public services in Montgomery County, part of the fiscal plan the Montgomery County Council adopted Tuesday.

County officials blamed the bad economy, increased costs in health benefits for retirees and the $30 million needed to meet state funding requirements for Montgomery County Public Schools, county records show.

County officials declined to say whether they would raise taxes or make cuts to close the gap, according to The Washington Post.

On Monday, the council’s government operations committee voted unanimously to recommend the 2013-18 fiscal plan.

County staff will update the summary in December.

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