The document provides an overview of Montgomery County's fiscal plan and expenditures. It discusses:
- County residents expect high-quality services while needs are evolving, such as for seniors and affordable housing.
- Revenues come mostly from property and income taxes, while expenditures are dominated by education and rising personnel costs.
- The fiscal plan projects insufficient revenue growth to cover projected compensation increases without continued reductions to retirement costs. The county implemented a $46.5 million expenditure reduction plan for FY19 to address a funding gap.
This presentation provides an overview of the Congressional Budget Office’s most recent budget and economic projections, which were published on January 28. In those projections, the federal budget deficit is about $900 billion in 2019 and exceeds $1 trillion each year beginning in 2022. Because of persistently large deficits, federal debt held by the public is projected to grow steadily, reaching 93 percent of gross domestic product (GDP) in 2029.
Real GDP is projected to grow by 2.3 percent in 2019—down from 3.1 percent in 2018—as the effects of the 2017 tax act on the growth of business investment wane and federal purchases decline sharply in the fourth quarter of the year. Economic growth is projected to slow to an average of 1.7 percent through 2023 and to average 1.8 percent from 2024 to 2029.
Presentation by Christina Hawley Anthony, Chief of the Projections Unit in CBO’s Budget Analysis Division, Robert Arnold, Chief of the Projections Unit in CBO’s Macroeconomic Analysis Division, and Joshua Shakin, Chief of the Revenue Estimating Unit in CBO’s Tax Analysis Division, at a joint seminar with the Congressional Research Service.
This presentation provides an overview of the Congressional Budget Office’s most recent budget and economic projections, which were published on January 28. In those projections, the federal budget deficit is about $900 billion in 2019 and exceeds $1 trillion each year beginning in 2022. Because of persistently large deficits, federal debt held by the public is projected to grow steadily, reaching 93 percent of gross domestic product (GDP) in 2029.
Real GDP is projected to grow by 2.3 percent in 2019—down from 3.1 percent in 2018—as the effects of the 2017 tax act on the growth of business investment wane and federal purchases decline sharply in the fourth quarter of the year. Economic growth is projected to slow to an average of 1.7 percent through 2023 and to average 1.8 percent from 2024 to 2029.
Presentation by Christina Hawley Anthony, Chief of the Projections Unit in CBO’s Budget Analysis Division, Robert Arnold, Chief of the Projections Unit in CBO’s Macroeconomic Analysis Division, and Joshua Shakin, Chief of the Revenue Estimating Unit in CBO’s Tax Analysis Division, at a joint seminar with the Congressional Research Service.
This deck looks at the Canadian citizenship program and the need for modernization in the context of Budget 2021's allocation of funding to upgrade IRCC's IT infrastructure. It contrast the current citizenship process with a streamlined process that makes it easier for applicants and more efficient for the government. This was presented at a modernization discussion organized by the Public Policy Forum.
Key Takeaways:
- Background of Corporate Tax Statistics
- Corporate Tax Revnues and CIT Rates across Jurisdictions
- Trends on Tax Incentives related to R&D and IP Regimes
- CbCR Statistics
- Insights on Controlled Foreign Company and Interest --- Limitation Rules
Webinar: Council tax support Models that Members can sign up toPolicy in Practice
Listen back to hear Policy in Practice in conversation with Allan Clark, Barnet Council, to learn how they're changing their council tax support scheme for Universal Credit.
We cover how Policy in Practice's comprehensive impact modelling provided the data that Barnet Council's Members needed to agree amended schemes with confidence.
Listen back to learn:
- How LAs’ CTS schemes have evolved since they were first introduced
- What factors Barnet modelled, and why
- What schemes Barnet considered, rejected and implemented
For more information visit www.policyinpractice.co.uk, email hello@policyinpractice.co.uk or call 0330 088 9242.
In CBO’s projections, the federal budget deficit is about $900 billion in 2019 and exceeds $1 trillion each year beginning in 2022. Over the coming decade, deficits (after adjustments to exclude shifts in the timing of certain payments) fluctuate between 4.1 percent and 4.7 percent of gross domestic product (GDP), well above the average over the past 50 years. CBO’s projection of the deficit for 2019 is now $75 billion less—and its projection of the cumulative deficit over the 2019–2028 period, $1.2 trillion less—than it was in spring 2018. That reduction in projected deficits results primarily from legislative changes—most notably, a decrease in emergency spending.
Because of persistently large deficits, federal debt held by the public is projected to grow steadily, reaching 93 percent of GDP in 2029 (its highest level since just after World War II) and about 150 percent of GDP in 2049—far higher than it has ever been. Moreover, if lawmakers amended current laws to maintain certain policies now in place, even larger increases in debt would ensue.
Real GDP is projected to grow by 2.3 percent in 2019—down from 3.1 percent in 2018—as the effects of the 2017 tax act on the growth of business investment wane and federal purchases, as projected under current law, decline sharply in the fourth quarter of 2019. Nevertheless, output is projected to grow slightly faster than its maximum sustainable level this year, continuing to boost the demand for labor and to push down the unemployment rate. After 2019, annual economic growth is projected to slow further—to an average of 1.7 percent through 2023, which is below CBO’s projection of potential growth for that period. From 2024 to 2029, economic growth and potential growth are projected to average 1.8 percent per year—less than their long-term historical averages, primarily because the labor force is expected to grow more slowly than it has in the past.
Revenue Statistics in Asian and Pacific economies 2020OECDtax
Revenue Statistics in Asian and Pacific Economies is jointly produced by the Organisation for Economic Co-operation and Development (OECD)’s Centre for Tax Policy and Administration (CTP) and the OECD Development Centre (DEV) with the co-operation of the Asian Development Bank (ADB), the Pacific Island Tax Administrators Association (PITAA), and the Pacific Community (SPC) and the financial support from the governments of Ireland, Japan, Luxembourg, Norway, Sweden and the United Kingdom. This edition includes a special feature on the tax policy and administration responses to COVID-19 in Asian and Pacific Economies.
Tax-Increment Financing - How to Effectively Use it in Your Community - GSMSu...GrowSmart Maine
Why plan for growth and change, when it seems so much easier to simply react?
When there is a distinct and shared vision for your community - when residents, businesses and local government anticipate a sustainable town with cohesive and thriving neighborhoods - you have the power to conserve your beautiful natural spaces, enhance your existing downtown or Main Street, enable rural areas to be productive and prosperous, and save money through efficient use of existing infrastructure.
This is the dollars and sense of smart growth.
Success is clearly visible in Maine, from the creation of a community-built senior housing complex and health center in Fort Fairfield to conservation easements creating Forever Farms to Rockland's revitalized downtown. Communities have options. We have the power to manage our own responses to growth and change.
After all, “Planning is a process of choosing among those many options. If we do not choose to plan, then we choose to have others plan for us.” - Richard I. Winwood
And in the end, this means that our children and their children will choose to make Maine home and our economy will provide the opportunities to do so.
The Summit offers you a wonderful opportunity to be a part of the transformative change in Maine that we’ve seen these gatherings produce. We encourage you to consider the value of being actively involved in growing Maine’s economy and protecting the reasons we choose to live here.
Presented by Sarah Clarke
How does state government really work? Who holds the power? Who sets the agenda? Who makes the law and how? The answers to these questions may not be as simple as you think. This workshop will move beyond the “Schoolhouse Rock” explanation of the political process to take a reality-based look at how your government operates. You will learn how to navigate legislative procedures, who the important decision makers at each level are, and how to identify and pursue opportunities for advocacy.
Australia needs to remain competitive on a global market and to do this the government needs to deliver a budget that will give the right level of monetary support to the right areas, but will the Turnbull Government focus on the areas that need it most?
What will the 2017 Federal budget mean for local business, our state economy, and what are the taxation and political implications?
If the rumours are to be believed the budget that will be handed down on the 9th of May will focus on tax cuts and housing prices.
Will the Government cut taxes for all businesses or just some? Will it tinker with negative gearing or the CGT discount? Will it do more than reaffirm what has already been said in specific industries?
Join the Bentleys team for our 2017 Federal Budget Insights where our expert team will analyse and review what the changes mean to you as an individual and as a business.
In CBO’s projections, the federal budget deficit is about $900 billion in 2019 and exceeds $1 trillion each year beginning in 2022. Over the coming decade, deficits (after adjustments to exclude shifts in the timing of certain payments) fluctuate between 4.1 percent and 4.7 percent of gross domestic product (GDP), well above the average over the past 50 years. CBO’s projection of the deficit for 2019 is now $75 billion less—and its projection of the cumulative deficit over the 2019–2028 period, $1.2 trillion less—than it was in spring 2018. That reduction in projected deficits results primarily from legislative changes—most notably, a decrease in emergency spending.
Because of persistently large deficits, federal debt held by the public is projected to grow steadily, reaching 93 percent of GDP in 2029 (its highest level since just after World War II) and about 150 percent of GDP in 2049—far higher than it has ever been. Moreover, if lawmakers amended current laws to maintain certain policies now in place, even larger increases in debt would ensue.
Real GDP is projected to grow by 2.3 percent in 2019—down from 3.1 percent in 2018—as the effects of the 2017 tax act on the growth of business investment wane and federal purchases, as projected under current law, decline sharply in the fourth quarter of 2019. Nevertheless, output is projected to grow slightly faster than its maximum sustainable level this year, continuing to boost the demand for labor and to push down the unemployment rate. After 2019, annual economic growth is projected to slow further—to an average of 1.7 percent through 2023, which is below CBO’s projection of potential growth for that period. From 2024 to 2029, economic growth and potential growth are projected to average 1.8 percent per year—less than their long-term historical averages, primarily because the labor force is expected to grow more slowly than it has in the past.
Presentation by Keith Hall, CBO Director, to the American Business Conference.
The presentation provided an overview of the enacted 2017-2018 Pennsylvania State Budget, including a summary discussion of what tax items have been on the table for negotiation during the past few years.
During the second leg of the webinar, the presenter provided a brief update on recently passed tax legislation and court decisions of interest. The Department of Revenue has been active in releasing several important information notices during the first half of 2017 regarding sales tax on computer services as well as appeal process procedural changes. We also took a look at the numbers from the most recent PA Tax Amnesty.
In the final leg of the webinar, we looked ahead at how some of the tax legislation passing in other states may soon be coming to Pennsylvania.
This deck looks at the Canadian citizenship program and the need for modernization in the context of Budget 2021's allocation of funding to upgrade IRCC's IT infrastructure. It contrast the current citizenship process with a streamlined process that makes it easier for applicants and more efficient for the government. This was presented at a modernization discussion organized by the Public Policy Forum.
Key Takeaways:
- Background of Corporate Tax Statistics
- Corporate Tax Revnues and CIT Rates across Jurisdictions
- Trends on Tax Incentives related to R&D and IP Regimes
- CbCR Statistics
- Insights on Controlled Foreign Company and Interest --- Limitation Rules
Webinar: Council tax support Models that Members can sign up toPolicy in Practice
Listen back to hear Policy in Practice in conversation with Allan Clark, Barnet Council, to learn how they're changing their council tax support scheme for Universal Credit.
We cover how Policy in Practice's comprehensive impact modelling provided the data that Barnet Council's Members needed to agree amended schemes with confidence.
Listen back to learn:
- How LAs’ CTS schemes have evolved since they were first introduced
- What factors Barnet modelled, and why
- What schemes Barnet considered, rejected and implemented
For more information visit www.policyinpractice.co.uk, email hello@policyinpractice.co.uk or call 0330 088 9242.
In CBO’s projections, the federal budget deficit is about $900 billion in 2019 and exceeds $1 trillion each year beginning in 2022. Over the coming decade, deficits (after adjustments to exclude shifts in the timing of certain payments) fluctuate between 4.1 percent and 4.7 percent of gross domestic product (GDP), well above the average over the past 50 years. CBO’s projection of the deficit for 2019 is now $75 billion less—and its projection of the cumulative deficit over the 2019–2028 period, $1.2 trillion less—than it was in spring 2018. That reduction in projected deficits results primarily from legislative changes—most notably, a decrease in emergency spending.
Because of persistently large deficits, federal debt held by the public is projected to grow steadily, reaching 93 percent of GDP in 2029 (its highest level since just after World War II) and about 150 percent of GDP in 2049—far higher than it has ever been. Moreover, if lawmakers amended current laws to maintain certain policies now in place, even larger increases in debt would ensue.
Real GDP is projected to grow by 2.3 percent in 2019—down from 3.1 percent in 2018—as the effects of the 2017 tax act on the growth of business investment wane and federal purchases, as projected under current law, decline sharply in the fourth quarter of 2019. Nevertheless, output is projected to grow slightly faster than its maximum sustainable level this year, continuing to boost the demand for labor and to push down the unemployment rate. After 2019, annual economic growth is projected to slow further—to an average of 1.7 percent through 2023, which is below CBO’s projection of potential growth for that period. From 2024 to 2029, economic growth and potential growth are projected to average 1.8 percent per year—less than their long-term historical averages, primarily because the labor force is expected to grow more slowly than it has in the past.
Revenue Statistics in Asian and Pacific economies 2020OECDtax
Revenue Statistics in Asian and Pacific Economies is jointly produced by the Organisation for Economic Co-operation and Development (OECD)’s Centre for Tax Policy and Administration (CTP) and the OECD Development Centre (DEV) with the co-operation of the Asian Development Bank (ADB), the Pacific Island Tax Administrators Association (PITAA), and the Pacific Community (SPC) and the financial support from the governments of Ireland, Japan, Luxembourg, Norway, Sweden and the United Kingdom. This edition includes a special feature on the tax policy and administration responses to COVID-19 in Asian and Pacific Economies.
Tax-Increment Financing - How to Effectively Use it in Your Community - GSMSu...GrowSmart Maine
Why plan for growth and change, when it seems so much easier to simply react?
When there is a distinct and shared vision for your community - when residents, businesses and local government anticipate a sustainable town with cohesive and thriving neighborhoods - you have the power to conserve your beautiful natural spaces, enhance your existing downtown or Main Street, enable rural areas to be productive and prosperous, and save money through efficient use of existing infrastructure.
This is the dollars and sense of smart growth.
Success is clearly visible in Maine, from the creation of a community-built senior housing complex and health center in Fort Fairfield to conservation easements creating Forever Farms to Rockland's revitalized downtown. Communities have options. We have the power to manage our own responses to growth and change.
After all, “Planning is a process of choosing among those many options. If we do not choose to plan, then we choose to have others plan for us.” - Richard I. Winwood
And in the end, this means that our children and their children will choose to make Maine home and our economy will provide the opportunities to do so.
The Summit offers you a wonderful opportunity to be a part of the transformative change in Maine that we’ve seen these gatherings produce. We encourage you to consider the value of being actively involved in growing Maine’s economy and protecting the reasons we choose to live here.
Presented by Sarah Clarke
How does state government really work? Who holds the power? Who sets the agenda? Who makes the law and how? The answers to these questions may not be as simple as you think. This workshop will move beyond the “Schoolhouse Rock” explanation of the political process to take a reality-based look at how your government operates. You will learn how to navigate legislative procedures, who the important decision makers at each level are, and how to identify and pursue opportunities for advocacy.
Australia needs to remain competitive on a global market and to do this the government needs to deliver a budget that will give the right level of monetary support to the right areas, but will the Turnbull Government focus on the areas that need it most?
What will the 2017 Federal budget mean for local business, our state economy, and what are the taxation and political implications?
If the rumours are to be believed the budget that will be handed down on the 9th of May will focus on tax cuts and housing prices.
Will the Government cut taxes for all businesses or just some? Will it tinker with negative gearing or the CGT discount? Will it do more than reaffirm what has already been said in specific industries?
Join the Bentleys team for our 2017 Federal Budget Insights where our expert team will analyse and review what the changes mean to you as an individual and as a business.
In CBO’s projections, the federal budget deficit is about $900 billion in 2019 and exceeds $1 trillion each year beginning in 2022. Over the coming decade, deficits (after adjustments to exclude shifts in the timing of certain payments) fluctuate between 4.1 percent and 4.7 percent of gross domestic product (GDP), well above the average over the past 50 years. CBO’s projection of the deficit for 2019 is now $75 billion less—and its projection of the cumulative deficit over the 2019–2028 period, $1.2 trillion less—than it was in spring 2018. That reduction in projected deficits results primarily from legislative changes—most notably, a decrease in emergency spending.
Because of persistently large deficits, federal debt held by the public is projected to grow steadily, reaching 93 percent of GDP in 2029 (its highest level since just after World War II) and about 150 percent of GDP in 2049—far higher than it has ever been. Moreover, if lawmakers amended current laws to maintain certain policies now in place, even larger increases in debt would ensue.
Real GDP is projected to grow by 2.3 percent in 2019—down from 3.1 percent in 2018—as the effects of the 2017 tax act on the growth of business investment wane and federal purchases, as projected under current law, decline sharply in the fourth quarter of 2019. Nevertheless, output is projected to grow slightly faster than its maximum sustainable level this year, continuing to boost the demand for labor and to push down the unemployment rate. After 2019, annual economic growth is projected to slow further—to an average of 1.7 percent through 2023, which is below CBO’s projection of potential growth for that period. From 2024 to 2029, economic growth and potential growth are projected to average 1.8 percent per year—less than their long-term historical averages, primarily because the labor force is expected to grow more slowly than it has in the past.
Presentation by Keith Hall, CBO Director, to the American Business Conference.
The presentation provided an overview of the enacted 2017-2018 Pennsylvania State Budget, including a summary discussion of what tax items have been on the table for negotiation during the past few years.
During the second leg of the webinar, the presenter provided a brief update on recently passed tax legislation and court decisions of interest. The Department of Revenue has been active in releasing several important information notices during the first half of 2017 regarding sales tax on computer services as well as appeal process procedural changes. We also took a look at the numbers from the most recent PA Tax Amnesty.
In the final leg of the webinar, we looked ahead at how some of the tax legislation passing in other states may soon be coming to Pennsylvania.
Income Tax Tips for PFMs Working with Military Familiesmilfamln
This is a free webinar hosted by the Personal Finance concentration area of the Military Families Learning Network.
This 90-minute webinar will address updates to tax changes that affect military families and service members. Barbara O’Neill will discuss tax basics and common tax errors during the first half hour of this interactive webinar. In the second half Taylor Spangler of University of Florida Extension will talk about the specific tax issues of concern to military families, as well as provide military specific resources for tax help and support. Carol Kando-Pineda of the Federal Trade Commission will close the session with an update on the resources available through identitytheft.gov. Find more info: https://learn.extension.org/events/3191
The presentation document scheduled for discussion at the Franklin (MA) School Committee meeting on Mar 27, 2018. This is for the school budget for Fiscal Year 2019 (FY19)
Budgeting for Results and Paying for Success in State Government 5.6.14Greg Wass
My presentation for Big Data Week 2014 (livestreamed from Chicago on 05.06.2014) on how the State of Illinois is using data to drive governmental decisionmaking at the enterprise and individual program levels.
Budget Proposal For Miami-Dade County For Fiscal Year 201819I.docxcurwenmichaela
Budget Proposal For Miami-Dade County For Fiscal Year 2018/19
Introduction
This paper reviews the budget proposal for Miami-Dade County for fiscal year 2018/19, the budget process, sources of revenue and expenditure.
Overview And Budget Process.
Miami-Dade County is one of the counties in the USA and contains 13 districts. Miami-Dade County has a population of 2.71M people with a median age of 39.9 and a median household income of $45,935. Between 2015 and 2016 the population of Miami-Dade County grew from 2.69M to 2.71M, a 0.74% increase, and its median household income grew from $43,786 to $45,935, a 4.91% increase. The legislative and the governing body of the county is the Board of commission elected into office by the registered voters in a non-partisan election. One county commissioner is elected from each county for the term of four years each; the county chatter normally sets the salaries for each commissioner. The Commissioners elect a Chairperson, who then appoints the Chairperson, Vice-Chairperson, and members of all committees.
The Miami-Dade County commissioners normally plays a lot of roles which includes; reviews and adopts comprehensive development land use plans for the County, licenses and regulates taxis, transportation network entities, sets policy regarding public transportation systems, regulates utilities, adopts and enforces building codes, establishes zoning controls and establishes policy relating to public health, safety services and facilities, recreational and cultural facilities, housing and social services programs, and other services.
The BCC normally sets the tax rates and approve the county budget every financial year. Each year, the commission sets the property tax millage rates and approves the County’s budget, which determines
The expenditures and revenues are necessary to operate all County services, and enacts the County's strategic plan. The County Commission Board may override a Mayoral veto at its next regularly scheduled meeting by a two-thirds vote of those present. The Miami-Date county citizens do not directly play a role in the budget process, but the BCC normally represents them by making policies and advocate them at all levels of government. The Miami-Dade FY 2018/2019 annual budget began on 1st August 2018 and ended 30th June 2019. The budget process takes place in several stages which are a formulation, approval implementation, and audit. Documents essential to the budget process include the budget circular, the budget review, outlook paper, the county fiscal strategy paper, and the county budget estimates. The county has a budget performance analysis which is conducted by each department of the county, and it’s done through the analysis of the outcomes and results. The budget does not include the forecast for future years or prior years. The budget document gives detailed information on sources of revenue and expenditures. The budget report posted in the county’s websites gives inform.
Lessons learned: our year modelling Council Tax Reduction SchemesPolicy in Practice
In this webinar Policy in Practice gave a review of the 150 or so council tax reduction (CTR) support schemes we modelled for local authority clients in 2019. Zoe Charlesworth, Head of Policy, and Megan Mclean, Policy and Operations Analyst, recapped on highlights from our analysis, discussed trends we've identified and considered what this means for local authorities in 2020.
For more information visit www.policyinpractice.co.uk, call 0330 088 9242 or email hello@policyinpractice.co.uk
Montgomery County FY20 Community Grants Information WorkshopMontgomery County
The Montgomery County Community Grants Program held general information workshops to launch the FY 2020 grants application cycle which included this presentation by representatives of the County Executive, County Council and the Department of Health and Human Services.
Presentation by Jared Jageler, David Adler, Noelia Duchovny, and Evan Herrnstadt, analysts in CBO’s Microeconomic Studies and Health Analysis Divisions, at the Association of Environmental and Resource Economists Summer Conference.
What is the point of small housing associations.pptxPaul Smith
Given the small scale of housing associations and their relative high cost per home what is the point of them and how do we justify their continued existance
Many ways to support street children.pptxSERUDS INDIA
By raising awareness, providing support, advocating for change, and offering assistance to children in need, individuals can play a crucial role in improving the lives of street children and helping them realize their full potential
Donate Us
https://serudsindia.org/how-individuals-can-support-street-children-in-india/
#donatefororphan, #donateforhomelesschildren, #childeducation, #ngochildeducation, #donateforeducation, #donationforchildeducation, #sponsorforpoorchild, #sponsororphanage #sponsororphanchild, #donation, #education, #charity, #educationforchild, #seruds, #kurnool, #joyhome
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
This session provides a comprehensive overview of the latest updates to the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (commonly known as the Uniform Guidance) outlined in the 2 CFR 200.
With a focus on the 2024 revisions issued by the Office of Management and Budget (OMB), participants will gain insight into the key changes affecting federal grant recipients. The session will delve into critical regulatory updates, providing attendees with the knowledge and tools necessary to navigate and comply with the evolving landscape of federal grant management.
Learning Objectives:
- Understand the rationale behind the 2024 updates to the Uniform Guidance outlined in 2 CFR 200, and their implications for federal grant recipients.
- Identify the key changes and revisions introduced by the Office of Management and Budget (OMB) in the 2024 edition of 2 CFR 200.
- Gain proficiency in applying the updated regulations to ensure compliance with federal grant requirements and avoid potential audit findings.
- Develop strategies for effectively implementing the new guidelines within the grant management processes of their respective organizations, fostering efficiency and accountability in federal grant administration.
Russian anarchist and anti-war movement in the third year of full-scale warAntti Rautiainen
Anarchist group ANA Regensburg hosted my online-presentation on 16th of May 2024, in which I discussed tactics of anti-war activism in Russia, and reasons why the anti-war movement has not been able to make an impact to change the course of events yet. Cases of anarchists repressed for anti-war activities are presented, as well as strategies of support for political prisoners, and modest successes in supporting their struggles.
Thumbnail picture is by MediaZona, you may read their report on anti-war arson attacks in Russia here: https://en.zona.media/article/2022/10/13/burn-map
Links:
Autonomous Action
http://Avtonom.org
Anarchist Black Cross Moscow
http://Avtonom.org/abc
Solidarity Zone
https://t.me/solidarity_zone
Memorial
https://memopzk.org/, https://t.me/pzk_memorial
OVD-Info
https://en.ovdinfo.org/antiwar-ovd-info-guide
RosUznik
https://rosuznik.org/
Uznik Online
http://uznikonline.tilda.ws/
Russian Reader
https://therussianreader.com/
ABC Irkutsk
https://abc38.noblogs.org/
Send mail to prisoners from abroad:
http://Prisonmail.online
YouTube: https://youtu.be/c5nSOdU48O8
Spotify: https://podcasters.spotify.com/pod/show/libertarianlifecoach/episodes/Russian-anarchist-and-anti-war-movement-in-the-third-year-of-full-scale-war-e2k8ai4
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
ZGB - The Role of Generative AI in Government transformation.pdfSaeed Al Dhaheri
This keynote was presented during the the 7th edition of the UAE Hackathon 2024. It highlights the role of AI and Generative AI in addressing government transformation to achieve zero government bureaucracy
Understanding the Challenges of Street ChildrenSERUDS INDIA
By raising awareness, providing support, advocating for change, and offering assistance to children in need, individuals can play a crucial role in improving the lives of street children and helping them realize their full potential
Donate Us
https://serudsindia.org/how-individuals-can-support-street-children-in-india/
#donatefororphan, #donateforhomelesschildren, #childeducation, #ngochildeducation, #donateforeducation, #donationforchildeducation, #sponsorforpoorchild, #sponsororphanage #sponsororphanchild, #donation, #education, #charity, #educationforchild, #seruds, #kurnool, #joyhome
A process server is a authorized person for delivering legal documents, such as summons, complaints, subpoenas, and other court papers, to peoples involved in legal proceedings.
2. Purpose of Presentation
• Review key information and components from updates provided to the Council
at various times:
Fiscal Plan updates
Spending Affordability Guidelines (SAG)
Cost of government and compensation cost trend presentations
• Discuss service needs and expectations, demographic indicators, and economic
indicators along with fiscal and budget information to provide the contextual
framework for Council decision-making.
3. Montgomery County Expectations
• Montgomery County is viewed as great place to live and work for many reasons – quality of
public schools and the College, world-class park system, diversity of the County, etc.
• County residents expect County agencies to continue to provide high quality services while also
meeting emerging needs
• Exemplified by the 2017 National Citizen Survey for Montgomery County:
4 out of 5 residents give Montgomery County an “excellent” or “good” rating as a place to live and
overall quality of life
Over 50% or survey respondents indicated they would like to County to place a “high effort” on
making changes and improvements to traffic, crime, public schools, affordable housing, and social
services to those in need
4. County Demographic Indicators
Indicator FY04 FY18 % Change
Population 931,000 1,057,000 14%
Percent of Population Age 60+ 15.9% 21.0% 32%
Households 342,000 381,200 11%
MCPS K-12 Enrollment 139,000 163,600 18%
5. County Economic Indicators
Indicator FY04 FY18 % Change
Per Capita Personal Income $51,500 $86,000 67%
Average Household Income $110,300 $141,700 28%
Assessable Tax Base $94 billion $189 billion 101%
% Residents Below Poverty
Level
4.8% 7.0%* 46%
% MCPS Students Receiving
Free and Reduced Meals
23.7% 35.1% 48%
* FY17 estimate
6. Council Actions in Response to Fiscal
Conditions: Recession and Post-Recession
Recession Timeframe
• Reductions in Personnel Costs
Furloughs and pay freezes
Changes to group insurance cost share
Changes to retirement contributions
• Reductions in Services
Libraries and Recreation received the largest reductions
Post-Recession Timeframe
• Restoration of most services that were cut
• Increased property tax and recordation tax in FY17 to address service needs
7. Summary of Additional Funding to MCPS
from FY17 Property Tax Increase
FY16 FY17 FY18 FY19
Kindergarten (focus schools including Title 1) 18 18 18 18
Kindergarten (non-focus schools) 26 25 25 25
Grades 1 and 2 (focus schools including Title 1) 18 18 18 18
Grades 1 and 2 (non-focus schools) 28 27 27 27
Grade 3 (focus schools including Title 1)
28
26 26 26
Grade 3 (non-focus schools) 27 27 27
Grades 4-5 (focus schools including Title 1)
30
28 28 28
Grades 4-5 (non-focus schools) 29 29 29
Middle and High School (math, science, social
studies, reading, foreign language)
33 32 32 32
Middle and High School (required English) 29 29 29 29
MCPS Class Size Guidelines, FY16-FY19
Data sources: MCPS budget staffing guidelines (FY09-FY19); Council budget packets
• New teacher positions to
reduce class size: 313 FTE’s,
$21.3 million
• New positions and funding
for programs to address the
opportunity and achievement
gap: 168 FTE’s, $16.6 million
8. Summary of Additional Funding from
FY17 Recordation Tax Increase
6 yr. Total FY17 FY18 FY19 FY20 FY21 FY22
FY17 CE Rec. 209,958 31,187 32,281 33,947 34,821 37,559 40,163
FY17 CC App. 373,700 51,911 58,106 61,104 62,678 67,608 72,293
Difference +163,742 +20,724 +25,825 +27,157 +27,857 +30,049 +32,130
• On average, the Council has
provided MCPS with an
additional $27 million for
school construction projects
from the recordation tax
increase
Recordation Tax Revenue – MCPS CIP ($’s in 000’s)
• Dedicated revenue for rent subsidy programs from the recordation tax premium has
increased by approximately $6 million per year
13. Montgomery County Revenue (FY19)
Property Tax: 37% Income Tax: 32%
Income Tax: $1.6 billion in FY19
• State collects income tax for counties
• Volatile revenue source – mostly due to unknown/difficult to predict capital
gains
• Constrained by State limit (3.2%)
• Factors impacting actual amount (vs. estimate)
Economic conditions
Decisions by high-income households
14. Annual Percent Change in Income Tax Revenues from
Withholdings, Estimated Payments,
October 15 Filings, and Revenue Adjustments
19.5%
12.8%
-8.3%
24.0%
-11.9%
10.0%
-0.4%
1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016
17. Montgomery County Revenue (FY19)
Property Tax: 37% Income Tax: 32%
Fed/State Aid:
18%
EnergyTax:4%
Energy Tax: $194.0 million in FY19
• Broad-based: revenue from institutions and facilities that do not pay property
or income taxes
• Volatile revenue source
• Factors impacting actual amounts (vs. estimate)
Economic conditions
Weather
Policies on energy consumption
18. Montgomery County Revenue (FY19)
Property Tax: 37% Income Tax: 32%
Fed/State Aid:
18%
EnergyTax:4%
Recordation/TransferTax:3%
19. Montgomery County Revenue (FY19)
Property Tax: 37% Income Tax: 32%
Fed/State Aid:
18%
EnergyTax:4%
Recordation/TransferTax:3%
Recordation and Transfer Tax: $162.9 million in FY19
• Volatile revenue source – primarily due to large commercial transactions
• Factors impacting actual amounts (vs. estimate)
Economic conditions
Sales prices
Household decisions
20. Montgomery County Revenue (FY19)
Property Tax: 37% Income Tax: 32%
Fed/State Aid:
18%
EnergyTax:4%
Other:6%
Recordation/TransferTax:3%
21. Montgomery County Revenue (FY19)
Property Tax: 37% Income Tax: 32%
Fed/State Aid:
18%
EnergyTax:4%
Other:6%
Recordation/TransferTax:3%
All Other: $297.3 million in FY19
• Other Taxes (Telephone Tax, Hotel/Motel Tax, Admissions Tax, E-cigarette Tax)
account for $79.7 million or 1.6%
Varying degrees of volatility
Limited ability to increase revenue
• Charges for Services: $85.8 million or 1.7% (primarily College tuition)
• Fines and Miscellaneous: $131.8 million or 2.7%
22. Montgomery County Use of Resources (FY19)
Total Resources: $5,451 million
Available Resources: $5,451 million
Total Tax Supported Resources
• New Revenue = $4,928 m
• Carry Over Reserves = $488 m
• Net Transfers = $35 m
• Total Resources = $5,451 m
New Revenue
23. Montgomery County Use of Resources (FY19)
Fiscal/Policy Commitments
• Maintain carry over reserves ($488 m)
• Additions to reserves ($51 m)
• PAYGO/CIP Current Revenue ($69 m)
• OPEB/Retirement ($230 m)
Total Resources: $5,451 million
Available Resources: $4,613 million
24. Montgomery County Use of Resources (FY19)
Total Resources: $5,451 million
Available Resources: $4,193 million
Debt Service
• $420 m in FY19, more than doubled since
FY04
• Debt service is the County's 3rd largest
“agency”
• Includes short- and long-term leases
• Projected to grow to $474 m in FY24, but
rate of growth slowed by Council decision
to reduce GO Bond borrowing levels
25. Montgomery County Use of Resources (FY19)
Total Resources: $5,451 million
Available Resources: $3,312 million
Earmarked Federal and State Aid
• $881 m in FY19
• Primarily State aid to MCPS ($708 m)
Earmarked
Fed/State Aid
26. Montgomery County Use of Resources (FY19)
Total Resources: $5,451 million
Available Resources: $1,593 million
MCPS MOE + State Pension Requirement
• Minimum required local contribution to MCPS
under the MOE law was $1,665 m in FY19
• State pension shift cost was $54 m in FY19
Earmarked
Fed/State Aid
MCPS MOE +
State Pension
27. Montgomery County Use of Resources (FY19)
Total Resources: $5,451 million
Available Resources: $1,376 million
Montgomery College MOE + Tuition
• Minimum required local contribution to
Montgomery College under the MOE law
was $139 m in FY19
• Tuition and fees ($78 m in FY19) is counted
as a tax-supported revenue
Earmarked
Fed/State Aid
MCPS MOE +
State Pension
28. Montgomery County Use of Resources (FY19)
Total Resources: $5,451 million
Available Resources: $1,376 million
All Other Agency Uses
• Revenue available for all other agency uses in
FY19 represents 25% of total tax supported
resources
• Available funding for continuing existing
programs in the non-education agencies, pay
increases, workforce size increases, program
enhancements, and any education funding
over MOE
Earmarked
Fed/State Aid
MCPS MOE +
State Pension
All Other
Agency Uses
29. Personnel Costs
• Personnel costs (wages and benefits) account for nearly 80% of all tax supported agency
spending in FY19.
• From FY14 through FY19, revenue growth was sufficient to cover compensation cost growth
for Montgomery Country Government because of tax rate increases and unprecedented
reductions in retirement costs.
• Approved Fiscal Plan projects average annual revenue growth of 2.7% through FY24. This
growth will be insufficient to cover compensation cost growth rates absent continued
reductions in retirement costs.
30. FY19 Savings Plan
Gap: $46.5 million less in
beginning year resources
ReservesReserves
New Revenue
Expenditure Reduction
Resources
Use of
Resources
CarryOver
Reserves
CarryOver+
NewReserves
New Revenue
Agency Expenditures
31. Key Takeaways
• Montgomery County residents expect high quality services from County agencies.
The mix and intensity of services change as the County’s demographics change (e.g.,
senior services).
• Over the past 15 years, national and local economic conditions have impacted the
Council’s ability to fund existing services and meet the demand for changing service
needs.
• The County has very limited “tax room” and thus limited flexibility to address
revenue pressures.
• Fiscal, policy, and/or legal commitments use up a substantial portion of “spending
room” each year (many of these fiscal policies also result in long-term cost savings).