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Montgomery County could face $300 million budget hole in fiscal 2015, officials warn

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Promised pay raises would cost county $105.3m over two years Montgomery County is facing a potential budget gap of about $300 million in fiscal 2015, thanks partly to large employee pay raises and hard-to-predict tax revenues, county officials warned Tuesday. Preliminary data show funding for county agencies would need to drop by 4.9 percent in fiscal 2015, or more than $300 million. County...

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