Montgomery County approves budget, lowers property tax rate to $0.3770

A last-minute adjustment added $850,000 in expected revenue that had been excluded in earlier drafts. Commissioners debated whether to use the funds to further reduce the tax rate or bolster contingency reserves. Ultimately, the court opted for a compromise: most of the money was applied to lower the rate, with about $74,757 added to contingency, bringing that line item to $150,376, Carter said.