MoCo got warned about its credit rating. Is MoCo in inevitable decline/economic stagnation? (buy, property tax)

[Rufus Clay Banger]

Originally Posted by bufflove

Of course MoCo hasn't been solely for the middle class+ for decades; very few people consider that a "downhill slide." Being lower income doesn't inherently make you "less than," nor does being an immigrant (illegal or otherwise).

You defend MoCo even as this very thread shows that MoCo's credit rating is threatened after the county is diverting tens of millions from retiree benefit funds to shore up the budget. Is there anything at all that you won't defend in your most awesome, Maryland Utopia?

[bufflove]

Originally Posted by Rufus Clay Banger

You defend MoCo even as this very thread shows that MoCo's credit rating is threatened after the county is diverting tens of millions from retiree benefit funds to shore up the budget. Is there anything at all that you won't defend in your most awesome, Maryland Utopia?

You just said you don't even live here, which explains your ridiculous level of ignorance (so you came here just to nonsensically complain about illegal immigrants...?). Moody's explicitly said the report has no bearing on the credit score, much to your chagrin I'm sure.

[Rufus Clay Banger]

Originally Posted by bufflove

You just said you don't even live here, which explains your ridiculous level of ignorance (so you came here just to nonsensically complain about illegal immigrants...?). Moody's explicitly said the report has no bearing on the credit score, much to your chagrin I'm sure.

I didn't say I didn't "live here." I said I don't live in MoCo. Is there a particular reason you think someone a stone's throw away couldn't be as - or more - informed than you? LMAO The fact of the matter is that I have dealt extensively with MoCo government. And came damn close to giving them $40K for a building permit before I came to my senses and gave it to another county. Stand down. You don't know me.

[bufflove]

Originally Posted by Rufus Clay Banger

I didn't say I didn't "live here." I said I don't live in MoCo. Is there a particular reason you think someone a stone's throw away couldn't be as - or more - informed than you? LMAO The fact of the matter is that I have dealt extensively with MoCo government. And came damn close to giving them $40K for a building permit before I came to my senses and gave it to another county. Stand down. You don't know me.

I know you're ignorant on the subject matter. I think that's more relevant than your so-impressive $40K.

P.S. "here" is MoCo; not sure where else you think "here" could be.

[Veritas Vincit]

Originally Posted by Rufus Clay Banger

Illegal immigration for one. County taxpayers foot the bill for lower tax receipts but higher costs associated with low income immigrants who overburden the schools with non-English speaking children. The costs to accommodate illegal immigrants is astronomical, and is most pronounced in the education portion of the budget. And, recently, MoCo leaders forced taxpayers to foot the bill for legal aid for illegal immigrants facing deportation. Unbelievable. This, of course, as the County is actively diverting money from their retiree benefit funds to shore up the budget.

I wouldn't live in MoCo if it were the last civilization on the planet.

It seems to me that MoCo is mostly Democratic. As in 3/4 Democrats. So ignoring the question of whether those expenses are justified or not, they certainly seem to be what the vast majority of the residents of the county want. The solution to the problem is quite simple - or should be anyway - increase taxes. I believe the county charges payroll taxes, so just up those to close the funding gap.

[Rufus Clay Banger]

Originally Posted by Veritas Vincit

It seems to me that MoCo is mostly Democratic. As in 3/4 Democrats. So ignoring the question of whether those expenses are justified or not, they certainly seem to be what the vast majority of the residents of the county want. The solution to the problem is quite simple - or should be anyway - increase taxes. I believe the county charges payroll taxes, so just up those to close the funding gap.

No, they "want" it in theory, but they weren't happy when suddenly their property assessments went up 8%. That's pretty damn convenient considering that now there are proposals to increase property tax rates (on those higher assessments) to pay for schools and programs that are inundated by illegal immigrants. Outside of the perpetual MoCo cheerleaders on this forum, talk to the average upper-middle class resident. They probably vote Democrat...but it doesn't matter because that's what they'll get anyway. But that doesn't mean they like what's happening.....and many, many do not.

[fibonacci]

Originally Posted by lookingbutnotlost

You already made this thread on DCUrbnanMoms

Look out Batman, you're about to lose your title of world's greatest detective to this person!

I guess you didn't get the responses you wanted.

I have no idea what your point is, other than to insinuate that there is some sort of nefarious conspiracy going on to create a negative impression of MoCo. Stop with the 'gotcha' theatrics already. You didn't catch anything or uncover some plot, so quit with the unnecessary drama.


I'm simply looking for a new home in the DC metro area and am considering all options. You'd think someone making a massive financial decision on exactly where to purchase a new home should inform themselves about local economies, their govts, and the financial outlook of localities. DC moms has actually provided a discussion that has dovetailed quite nicely with input from people who've lived much longer than I have in the area. There is also somewhat useful feedback here. I know it's crazy right - who'd ever make similar inquiries across different platforms with different user bases to obtain as much insight as possible about a locality where they're considering buying a new home to relocate? I was reading the Washington Post the other day when I saw the article about MoCo's credit rating warning, and that set off some red flags for me to try to investigate the issue further. If the consensus from longer time residents is to expect significant tax increases for the county, that's something someone shopping around for a house would want to know in order to be able to project what they can afford.

[fibonacci]

Originally Posted by Veritas Vincit

One of the wealthiest counties in the country. There seems to be plenty of wealth in the county, so what gives?

Even though MoCo is very wealthy, the county is running a massive budget deficit, even during the a time when the economy is booming and when tax receipts should be high. That's what concerns me. Also, MoCo will have a LOT of retirees in the future who will no longer be earning those very high HHIs that are taxed at 3.2%. Posters on DC moms have claimed to have knowledge of the demographic and HHI outlook for the county based on reports that have been made by the county govt. There simply aren't enough younger people moving in with equally high HHIs that can replace the expected loss of tax revenue due to retirees that will allow the county to maintain the way the county spends money without running up larger deficits. That means more debt in the future or budget cuts when the county loses the income tax from households downgrading their HHIs due to retirement. If that happens, it means higher taxes to avoid a credit rating drop or the credit rating drops and it becomes more expensive for the county to borrow for projects and the cycle continues with a ballooning deficit.

[Turnerbro]

Originally Posted by Rufus Clay Banger

I've been saying for the last decade that MoCo has long ago reached its peak and is now on the downhill slide. Part of that has to do with the neon sign they put on the county line that says "Illegal Immigrants Welcome! Bring Your Whole Family Tree! We Don't Call ICE!"

At the end of the day, it is never a good public policy to market to those who make very little money on average and suck more taxpayer resources than the average person. And that's exactly what MoCo has done.

The political forum is that way.

[Turnerbro]

This thread is the exact reason this section of the forum needs mods. Close this.