MoCo got warned about its credit rating. Is MoCo in inevitable decline/economic stagnation? (low income, home)

[fibonacci]

https://bethesdamagazine.com/bethesd...ncil-on-alert/


https://www.washingtonpost.com/local...=.cb0163980458


This also follows MoCo's failure to win Amazon, Hilton, Volkswagen, SAIC and the list goes on. MoCo only created 200 jobs from 2011-2016 while NoVa created over 2000. The county continues to run massive budget deficits even while the economy is good and tax receipts should be high. How bad would it get if there was an economic recession? The county was just warned by Moody's that its credit rating is now under more scrutiny. If it declines due to persistent and uncontrollable ballooning of the deficit, it'll decrease and make borrowing more expensive. Predictably, politicians will raise taxes to try to close the hole. It'll encourage people to relocate or not move to the county and the deficit will increase further or persist. Round and round the cycle goes until MoCo could be a shell of its former self. Anyone else worried about their home values and potential for property tax increases in the very near future?

[lookingbutnotlost]

You already made this thread on DCUrbnanMoms

[Jalux]

How dare someone repost on a different forum about the same/similar topic. We all know everyone on here is on DCUrbanMoms. EVERYONE.

[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.

[RowingFiend]

I'd be all for giving Montgomery County to D.C. Left wing lunatics.

[lookingbutnotlost]

Originally Posted by Jalux

How dare someone repost on a different forum about the same/similar topic. We all know everyone on here is on DCUrbanMoms. EVERYONE.

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

[schmoove86]

Originally Posted by lookingbutnotlost

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

Jalux isn't the thread starter.

[Veritas Vincit]

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

[bufflove]

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.

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).

[Rufus Clay Banger]

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?

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.