Senator King secures $2.5 million in bond funds for Montgomery Village

Before the April 28 Montgomery Village Foundation (MVF) Board of Directors meeting, District 39 Senator Nancy King provided an update on the recently finished Legislative Session, and her success in securing bond funds for the community. Senator King, who is also a long-time Village resident, noted she was grateful for the partnership she has with MVF staff and was thrilled to bring the funds to Montgomery Village.

Senator King said after the Federal stimulus and a new tax on online purchases, the state was able to extend significantly more bond funds than in previous years. As such, she was able to secure $2.5 million in state bond monies for projects in Montgomery Village.

Bond funds will be used for solar projects at MVF facilities ($800,000); improvements to South Valley Park ($1,000,000); and for the Watkins Mill Recreation Area renovation ($700,000). She recalled other recent solar projects, and noted that Montgomery Village was in good company and on trend with this type of project. She was also able to secure funds for Village-based CSAAC and Stedwick Elementary School for additional projects in the community.

Additional outcomes from the session included over $800 million put into the Blueprint for Education program, helping fund it for the next 5 years. King was proud to report that the Governor would be singing 5 bills that she sponsored for child care as well.

Executive Vice President Dave Humpton thanked Senator King and her aide Patty Horton for their help in securing the bonds. He said this financial help enables MVF to keep assessments at a stable rate and extend its budget as well, especially for capital projects. He also noted that state reserve study bill was passed, and Senator King has always been responsive when tackling HOA and condominium legislation.