The Finance Office, under the direction of the Chief Financial Officer, advises the Commissioners on County fiscal matters and is responsible for the overall management of County funds. This office coordinates the formation of the Annual General (Operating), Capital and Open Space fund budgets through departmental reviews and Commissioner Hearings. The final budget adoption occurs in December.
Budgets are monitored and compared against actual figures and results. The Finance Office issues General Quarterly Reports 45 days after the end of each quarter to promote better internal management and public awareness of County revenues and expenditures. The office also issues periodic fiscal updates for the Commissioners and the public.
All General Obligation Bond Issue financings are coordinated and supervised by the Finance Office.
Through Act 301 of 1999, eligible residents can apply for the deferral (postponement) of payment of increases in real estate taxes. The Montgomery County Board of Commissioners adopted Resolution No. 20C485 on December 17, 2020 making this deferral program available to eligible property owners for County real estate taxes, effective January 1, 2021.