Economy
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Why Do WSSC Water Rates Keep Getting Hiked? And Why Does the MoCo Council Not Bat an Eye?
Read more: Why Do WSSC Water Rates Keep Getting Hiked? And Why Does the MoCo Council Not Bat an Eye?“Council Backs WSSC Request for 7% Rate Increase” was the headline at taxpayer sponsored MyMCMedia.org. Instead of an 8% rate hike on water, which WSSC initially asked for, the Montgomery County Council decided to be kind of frugal, in a MoCo sense, and “unanimously voted to support Washington Suburban Sanitary Commission Water’s (WSSC) request to…
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The Losers and Winners of Rent Control in MoCo
Read more: The Losers and Winners of Rent Control in MoCoThe social-justice crowd claims that rent control is the only way to protect defenseless tenants against their oversized landlords. (The previous four posts in this series have shown that the only actor with oversized power in the county’s housing market, and the only actor to blame for the shortage of affordable housing is the county…
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Maryland’s Sky-High Regressive Gas Tax Set To Increase Yet Again, July 1, 2023
Read more: Maryland’s Sky-High Regressive Gas Tax Set To Increase Yet Again, July 1, 2023Maryland residents will experience another crushing increase in cost of gasoline at the pump this summer drive season across Maryland. This is all courtesy of a Martin O’Malley-era law passed by Maryland Democrats in Annapolis that insanely ties gasoline tax rate increases to the rate of inflation. Energy costs themselves are a main driver of…
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MoCo’s Housing Programs and Associated Failure
Read more: MoCo’s Housing Programs and Associated FailureThis post, part 4 in a series on our county’s distorted housing market. You can read Part 1 here and Part 2 here, and Part 3 here. At the time of this writing, the powerful and controlling County Council is considering two rent-control measures that, in the words of the less powerful but equally controlling County Executive Marc…
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Claw back the Improperly Issued Income Tax Offset Credits (ITOC)
Read more: Claw back the Improperly Issued Income Tax Offset Credits (ITOC)The Montgomery County Council invited submissions of testimony related to the FY24 Budget on April 13, 2023. One resident, Louis Wilen, submitted testimony and supporting documents that make a strong case for the County to recover over $100 million in improperly issued Income Tax Offset Credits (ITOC). Mr. Wilen is no stranger to identifying fiscal…
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Who Got the Money?
Read more: Who Got the Money?In an effort to have budget and spending transparency, the County publishes the spendingMontgomery data dashboard that compiles revenue and spending information. You can dive into the data, and even download the data for your own analysis. We jumped into the 2023 Expenditure Ledger and downloaded the data so we could run a more comprehensive…
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After years of same party rule, income inequality hasn’t improved
Read more: After years of same party rule, income inequality hasn’t improvedIn 2017, Adam Pagnucco published an article entitled, MoCo’s Mighty Seven Zip Codes. The article examined the income disparities across a county that, while having a reputation for being wealthy, is actually a county with just very concentrated wealth. The article concluded, after utilizing data from 2011-2015, that: “with the exception of its wealthiest zip…
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Montgomery County Spent Millions of “American Rescue Plan Act” Funds on Things That Had Nothing to Do with Covid Mitigation or “Resilience”
Read more: Montgomery County Spent Millions of “American Rescue Plan Act” Funds on Things That Had Nothing to Do with Covid Mitigation or “Resilience”A review of information at both Treasury.gov and MarylandTaxes.gov reveals that Montgomery County politicians spent millions of future taxpayer dollars allocated to it via the so-called ‘American Rescue Plan Act’ (ARPA) on things that had nothing to do with Covid-19 disease mitigation or ‘resilience’. The final portion of this funding (via the Federal Government’s largesse…
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Equity Emphasis Areas Are Still Technocratic Top-Down Central Planning — And It Doesn’t Work for MoCo
Read more: Equity Emphasis Areas Are Still Technocratic Top-Down Central Planning — And It Doesn’t Work for MoCoThe Metro Washington Area’s “Council of Governments” (MWCOG or just COG) is a regional body that says on its “About Us” page / shadow box that it is: the one place in metropolitan Washington that regularly brings leaders together to develop solutions to the region’s major challenges. But has it developed solutions to the region’s major…
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Renters Should Pay More (Immediately) in Taxes Each Fiscal Year to Contribute to MoCo’s Budget and Spending
Read more: Renters Should Pay More (Immediately) in Taxes Each Fiscal Year to Contribute to MoCo’s Budget and SpendingSeveral years ago, even prior to being a homeowner in Montgomery County, Maryland, I came across this article by the fantastic personal finance blogger ‘Financial Samurai’. I majored in economics from the University of Maryland, so I always had an interest in this kind of thing. But even more so then basic economics, personal finance,…