Conduit Street Podcast: Major Issues Mashup

MACo has made the podcast available through both iTunes and Google Play Music by searching Conduit Street Podcast. You can also listen on our Conduit Street blog with a recap and link to the podcast. You can listen to previous episodes of the Conduit Street Podcast on our website. Useful Links Previous Conduit Street Coverage: $15 Minimum Wage Bill Heading to Governor Hogan Previous Conduit Street Coverage: Passage of Clean Energy Jobs Act Likely, But Maybe Not This Year Previous Conduit…

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Baltimore County Retains Triple-A Bond Rating

All three major rating agencies affirmed Baltimore County’s creditworthiness despite fiscal challenges Baltimore County Executive Johnny Olszewski recently announced that Baltimore County has retained its triple-A bond rating from all three major rating agencies, allowing the county to continue to issue bonds at the lowest possible interest rate, saving millions of dollars for Baltimore County taxpayers. According to a press release: Moody’s Investor Service, Fitch Ratings, and S&P Global Ratings have each affirmed the county’s…

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Mayor Pugh Proposes 5-Cent Property Tax Reduction
Baltimore City Mayor Catherine Pugh
Mayor Pugh Proposes 5-Cent Property Tax Reduction

Baltimore City Mayor Catherine Pugh yesterday proposed cutting property taxes in order to make the City more competitive with surrounding jurisdictions. Mayor Pugh outlined her proposal during her third annual State of the City address. "Cutting property taxes in Baltimore in order to be more competitive is necessary. For fiscal year 2020, I will achieve and fulfill the commitment to reduce the targeted homeowner’s tax credit by 20 cents. This was the “20 Cents by…

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Governor Hogan Releases Supplemental Budget

Governor Larry Hogan yesterday introduced a supplemental budget proposal for FY 2020. The proposal bolsters the state’s general fund balance by including new estimated cost savings within the Medicaid program, provides increased funding for state and local initiatives, and includes a $3 million bump in state education funding to account for new wealth and enrollment figures. According to a press release: The largest savings are realized in Medicaid, as the state is now forecasting nearly $35…

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Conduit Street Podcast: Brinkley on Budgets, Amazon’s About-Face, Action on Airbnb, and More!

MACo has made the podcast available through both iTunes and Google Play Music by searching Conduit Street Podcast. You can also listen on our Conduit Street blog with a recap and link to the podcast. You can listen to previous episodes of the Conduit Street Podcast on our website.  

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Local Governments Support Optional Tax “Installment Payments”

Kevin Kinnally, Associate Director of MACo, offered testimony to the Ways and Means Committee on February 12th in support of HB 396 - Property Tax - Optional Installment Payment Schedule This bill would authorize local governments to provide for an installment payment schedule for county, municipal, or special taxing district real property taxes. HB 396 would move to ensure that local governments would have the flexibility needed to enact policies that would rightfully serve and…

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Counties Oppose State-Mandated Reductions, Support Tax Incentives

Kevin Kinnally, MACo's Associate Director, offered testimony on Wednesday to oppose two bills representing state-mandated reductions in local revenue sources. HB 114 increases the maximum amount of a subtraction modification under the State income tax of certain individuals for retirement income attributable to specific professions. HB 204 allows a subtraction modification under the State income tax for income from a qualified transfer of stock or membership interest of a Maryland corporation or limited liability company…

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MACo Supports Continuation of Warrant Intercept Program

MACo Legal and Policy Counsel Les Knapp testified in support of legislation (HB 115) that would repeal the termination date for the Warrant Intercept Program before the House Ways and Means Committee on February 6, 2019. The Program allows for the withholding of income tax refunds for individuals with outstanding warrants. The refunds are released if the individual turns themselves in. The legislation was sponsored by Delegate Teresa Reilly. The Program has been an effective partnership…

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Sales Taxes Per Capita: How Much Does Maryland Collect?
Source: Tax Foundation
Sales Taxes Per Capita: How Much Does Maryland Collect?

Among the 45 states that levy sales taxes, Maryland ranks 34th for its per capita sales tax collections, according to a recent analysis by the Tax Foundation. Maryland's sales and use tax is 6 percent. State sales taxes apply to purchases made in Maryland while the use tax refers to the tax on goods purchased out of state. The State collected $762 in sales tax per capita in FY 2017. The Department of Legislative Services estimates…

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DLS: Fully Fund Disparity Grant Formula

The Department of Legislative Services, in its budget analysis of Payments to Civil Divisions of the State, is recommending that the General Assembly concur with the Governor's formula-driven fiscal 2020 allocation of $146,172,853 for disparity grant funding. For fiscal 2020, the grants to Baltimore City and Caroline, Cecil, Prince George’s, Somerset, Washington, and Wicomico counties all increase. The Disparity Grant Program provides noncategorical State aid to low-wealth jurisdictions for county government purposes. Disparity grants address…

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