Anne Arundel Announces Disaster Recovery Micro Grant Program

Grants of up to $5,000 available to Anne Arundel County businesses affected by Tropical Storm Ida Anne Arundel County Executive Steuart Pittman and the Anne Arundel Economic Development Corporation (AAEDC) today announced the launch of the Disaster Recovery Micro Grant Program (DRMGP) to help businesses recover from the tropical storm and tornado that struck the region on Wednesday, September 1. “We are extremely thankful that the tornado did not lead to any loss of life…

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Calvert Earns Three AAA Bond Ratings for Sixth Consecutive Year

Calvert County earned AAA bond ratings from the three major bond rating agencies for the sixth year in a row. The ratings from Fitch, Moody’s, and Standard & Poor’s keep borrowing costs low and reflect the County’s strong economy, robust revenues, and sound financial management. “This sixth consecutive assessment of top credit ratings for Calvert County is a testament to our fiscal stewardship,” said BOCC President Earl F. “Buddy” Hance. “It affirms our commitment to…

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Baltimore City Tax Sale Workgroup Convenes This Week

The Baltimore City Tax Sale Workgroup will hold its first meeting on Thursday, October 28th, at 2:00 p.m. As previously reported on Conduit Street, the Tax Sale Workgroup will identify and recommend solutions to close gaps in the system and advise the City on making the process more equitable. In addition, the Workgroup will evaluate ways to offer residents more options to satisfy outstanding tax debts and work with state lawmakers to allow for greater…

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Join NACo for the Latest on the Delta Variant

Join the National Association of Counties (NACo) for a webinar Tuesday, November 2, 3:00 PM – 4:00 PM EST to hear the latest on the delta variant and how counties can use American Rescue Plan Act (ARPA) funds to address the public health emergency. As public health officials track the surge of the Delta variant, counties are also poised to take steps to reduce transmission and protect our communities. NACo will be joined by Dr.…

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Harford Reports Record Budget Surplus

Harford County Executive Barry Glassman Announces Record $58 Million Budget Surplus Harford County finished the 2021 fiscal year with a record budget surplus driven primarily by stronger-than-expected income tax revenue and efficient government spending. Overall revenue was up 9.6% over fiscal 2020, reflecting a resilient local economy. “I am proud that Harford County government stayed open every day to serve our citizens through the pandemic, while managing our money wisely and supporting the small businesses…

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Winter #MACoCon Details Are Here – View the Registration Brochure!

MACo’s Winter Conference, “Time to Reboot: Tomorrow’s Tech Today,” on Dec 8-10, 2021, will bring together more than 600 leaders in the private and public sectors to discuss how to prepare for the changes on the horizon in Maryland.  View the Registration Brochure to see the full schedule, along with session titles and descriptions. Topics to be discussed include: Diversity, Equity, and Inclusion Cannabis Broadband Social Media 2022 General Assembly Opioids Post-Pandemic Workplace Highway User Revenue…

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Anne Arundel Earns Award for Excellence in Financial Reporting

The Anne Arundel County Office of Finance earned the Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association (GFOA) of the United States and Canada. The Certificate of Achievement, which recognizes the County's financial report for fiscal 2020, is the highest form of recognition in governmental accounting and financial reporting and demonstrates the County's commitment to transparency. https://twitter.com/AACoExec/status/1450901593528885253 The GFOA, founded in 1906, represents public finance officials throughout the United States…

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Here’s How Governor Hogan Plans to Spend $2.5B Budget Surplus

Governor Larry Hogan this week released a five-point framework for spending a $2.5 billion budget surplus. The massive fund balance -- the result of much larger-than-expected revenue growth, primarily driven by an influx of federal stimulus funding, as well as a significant uptick in personal and business income and consumer spending — is the largest in state history. The five-point plan includes bolstering the state's rainy-day fund, tax relief for retirees and working families, enhancing…

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Appeals Court Rejects States’ Challenge to SALT Cap

A federal appeals court yesterday rejected a constitutional challenge to the cap on state and local tax (SALT) deductions on the federal income tax. The United States Court of Appeals for the Second Circuit affirmed a lower court ruling that dismissed a lawsuit brought by four states, including Maryland, challenging the $10,000 limit on state and local tax (SALT) deductions enacted by the 2017 federal tax reform law. The appeal challenged the U.S. District Court…

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Treasury Updates ARPA Reporting Requirements

The U.S. Department of the Treasury is extending the deadline for counties to submit the first round of Project and Expenditure reports for American Rescue Plan Act (ARPA) funds. The Coronavirus State and Local Fiscal Recovery Funds (SLFRF) Program provides a substantial infusion of resources to communities working to turn the tide on the pandemic, address its economic fallout, and lay the foundation for a strong and equitable recovery. Counties that receive funding from the…

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