Mayor Steven Reed speaks on school funding tax increase
For the first time in nearly three decades, Montgomery home and business owners could see an increase in their property taxes if residents vote in support of it on the Nov. 3 ballot.
The last time Montgomery residents had the opportunity to vote on a property tax increase was in June 1994, which about 56% of voters opposed. At that time, residents paid eight mills toward education, while the state average was 20.
Since then, the only increase the county as a whole has experienced was in 2006 when the Legislature passed a constitutional amendment increasing the mandated minimum given to public schools up to 10 mills.
If the November referendum passes, the increase would give Montgomery Public Schools 22 mills, or an additional $33 million annually. Here’s what voters should know about the referendum.