MAY 4, 2015 - GSSCC HAS ASKED THE MONTGOMERY COUNTY COUNCIL TO REJECT TWO RECOMMENDATIONS

Monday, May 4
GSSCC has asked the Montgomery County Council to reject two recommendations by the Transportation, Infrastructure, Energy & Environment Committee 1) to transfer $2 million from the Silver Spring Parking Lot District (PLD) into the General Fund and 2) to remove some $500 thousand in funding for baseline services in Silver Spring and place these dollars in the General Fund.  
 
GSSCC argued that the $2 million transfer, recommended to help pay down a County-issued bond to build County-owned garages, was inappropriate, since the bond was ever an obligation of the Silver Spring PLD but, instead, issued with the "full faith and credit of Montgomery County Government.  
 
GSSCC called the removal of funding for baseline services "double taxation."  In addition to paying the General Property Tax for baseline services, Silver Spring Urban District property owners pay an additional ad valorem tax (the Urban District Tax) in order to obtain an increased level of services in our community.  And, those property owners in the Silver Spring PLD pay yet another ad valorem tax (the PLD Tax) to assure and maintain sufficient parking in the district.  Denying Silver Spring property owners the right to services funded by the property tax dollars they already pay, means that those in the parking lot district are being assessed twice for the same County services.  This is unfair to the taxpayers in Silver Spring.  GSSCC called for these funds to be restored to the Silver Spring PLD budget for FY16.