Revenue Growth Continues Despite Growing Economic Questions
County budget officials reviewed another strong round of revenue data this week, but much of the conversation centered on a growing concern: the numbers no longer align cleanly with Maryland’s broader economic picture. The latest quarterly distribution showed withholding collections growing just under 4%, estimated payments rising roughly 12%, and overall county distributions increasing by 7.6%. Much of that local growth stems from a temporary increase in the percentage of personal income tax revenue allocated…