Archive for November 26th, 2010
26
OLO Presentation on Achieving a Structurally Balanced Budget
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On November 23, 2010, the county’s Office of Legislative Oversight (OLO) presented the first part of a study to explore the county’s structural deficit problem.
“Personnel costs (pay and benefits) account for 82% of all tax supported spending. Between FY02 and FY11, personnel costs increased 64% while the total number of workyears increased 10%.”
The complete report of this first part is now available.
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26
“Taxpayers have become the servants in Montgomery County”
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From the Washington Examiner of November 26, 2010:
“Compensation for Montgomery County employees now consumes 82 percent of all tax-supported spending in the county’s $4.2 billion budget. And for every tax dollar the county spends on bloated salaries, it spends another 52 cents on benefits for those same employees.”
Read the full story at the Washington Examiner.
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