Q&A On The Proposed Pension Shift

As has been widely reported (including here), the Governor is proposing a shift of pension costs from the State to county governments, providing $239 million in fiscal relief to the State budget for FY 2013, and creating an equal fiscal responsibility on county governments. Given the importance of the issue, and the many confusing elements of the plan and its reporting, MACo hopes to clarify the proposal on the table and its effects on county…

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Bill Introduced to Raise County Income Tax Cap, Allow Brackets

As reported by the Gazette, Senator Roger Manno from Montgomery County, recently introduced legislation that would allow counties to set differing rates for the income tax it receives from the State to help generate revenue to offset the cost of the teacher pension shift proposed in the Governor's budget. Manno’s bill would authorize county governments to create different tax brackets on individual incomes, up to 3.5 percent. County income tax rates currently range from 1.25…

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