Montgomery County Council Committee Meeting on Oct. 5, 2023
For Immediate Release: Wednesday, October 4, 2023
Government Operations and Fiscal Policy Committee will receive a fiscal overview of the Capital Improvements Program
The Government Operations and Fiscal Policy (GO) Committee will meet on Thursday, Oct. 5 at 2:30 p.m. to receive a briefing on the revenue and expenditure context for the Capital Improvements Program (CIP) and discuss factors that may impact the upcoming Fiscal Year (FY) 2025-2030 CIP review process.
The members of the GO Committee include Chair Kate Stewart, Council Vice President Andrew Friedson and Councilmember Sidney Katz.
Advertisement
More detail on the agenda item is provided below.
Fiscal Overview of the Capital Improvements Program
Briefing and review: The GO Committee will receive a briefing on the revenue and expenditure context for the Capital Improvements Program (CIP) and discuss factors that may impact the upcoming FY25-30 CIP review process. The CIP is comprehensively reviewed and approved biennially by the Council. Final action on CIP resolutions will occur in May 2024. In addition to annual appropriations for the capital budget, all existing projects and any new project requests will be reviewed by the Council during this time.
Advertisement
Advertisement
At a meeting held on September 26 , the Council approved the FY25-30 CIP Spending Affordability Guidelines for General Obligation Bonds and M-NCPPC Bonds. This is the first step in the Council’s FY25-30 CIP review. During its continuing review, the Council will balance expenditures across the six-year period with projected revenues consistent with the approved Spending Affordability Guidelines.
The Committee meeting schedule may change from time to time. View the current Council and Committee agendas, Council staff reports and additional information on items scheduled for Council review on the Council website .
Council and committee meetings are streamed live on the Council’s web page via YouTube and on Facebook Live and can be watched on County Cable Montgomery on Xfinity/RCN 6 HD 996/1056, Fios 30, and on the CCM live stream .
Release ID: 23-321
Media Contact: 240-777-7926, 240-777-7884
For updates and link to press release, see here: http://www2.montgomerycountymd.gov/mcgportalapps/Press_Detail.aspx?Item_ID=44100