Sec. 20-57. Affordability Indicators.
Montgomery County, Md., Code § 20-57 (2026)
Sec. 20-57. Affordability Indicators.LinkCopy Citation
In adopting its guidelines, the Council should consider, among other relevant factors:
(a)
the growth and stability of the local economy and tax base;
(b)
criteria used by major rating agencies related to creditworthiness, including maintenance of a "AAA" general obligation bond rating;
(c)
County financial history;
(d)
fund balances;
(e)
bonded debt as a percentage of the full value of taxable real property;
(f)
debt service as a percentage of operating expenditures;
(g)
the effects of proposed borrowing on levels of debt per-capita, and the ability of County residents to support such debt as measured by per-capita debt as a percentage of per-capita income;
(h)
the rate of repayment of debt principal;
(i)
availability of State funds for County capital projects;
(j)
potential operation and maintenance costs relating to debt financed projects; and
(k)
the size of the total debt outstanding at the end of each fiscal year.