Join MACo on Wednesday, August 5 to hear from experts on state and local budgets as part of the MACo’s Summer Series. Counties are making significant financial investments to address immediate public health and safety needs. At the same time, counties are experiencing massive and unprecedented declines in revenue as a result of the coronavirus pandemic. The combined effect of these changes will likely undermine county revenue structures and support for education, public safety, roadway…
To limit the spread of COVID-19, Harford County is offering curbside pickup at its Bel Air office for residents who choose to pay property taxes and other fees in person. County residents, and especially senior citizens, are still strongly encouraged to pay by mail or electronically. The curbside service, which coincides with the annual issuance of property tax bills, will begin on Monday, July 6. Residents may pull up outside the county administration building, remain…
2020 Annual Reports and/or Personal Property Tax Returns must be filed for all domestic and foreign business entities with the Maryland Department of Assessments and Taxation (SDAT) by Wednesday, July 15. As previously reported on Conduit Street, SDAT in March announced that the 2020 deadline to submit Annual Reports and Personal Property Tax Returns would be automatically extended to July 15 as part of the Hogan administration’s response to the COVID-19 pandemic. Expiration dates for…
The Anne Arundel County Council on Friday passed a balanced FY 21 budget that absorbs a $63 million revenue shortfall and funds core services without tax or fee increases. Despite a drop in revenues due to the COVID-19 pandemic, the budget keeps school construction and other major projects on track, continues progress on several major initiatives, and fully funds state requirements for public education funding. The County maintains a 2.81% local income tax rate, which…
This week, Queen Anne's County Commissioners dedicated more resources to agriculture land preservation by enacting a "County Farmland Preservation Fund." The fund will receive the first $1 million from the county's personal property tax revenue drawn from large-scale solar developments. The fund will aid in the preservation of prime farmland through the Maryland Agricultural Land Preservation Foundation (MALPF) program, which typically receives funds from the agriculture transfer tax. Using state and county funds, Queen Anne's…
With Maryland’s six casinos closed since mid-March due to the COVID-19 public health crisis, total gaming revenues are down by nearly $372.5 million compared to last year, while casino contributions to the state are down more than $148.8 million. Maryland’s casinos, racetracks, and simulcast betting facilities have been closed since March 16 in an effort to slow the spread of coronavirus infections. Governor Larry Hogan yesterday announced that these facilities can resume operations beginning June…
If federal policymakers do nothing to address the massive and unprecedented declines in state and local revenues as a result of the COVID-19 pandemic, the United States could end 2021 with 5.3 million fewer jobs, according to a report released today by the Economic Policy Institute. According to the analysis, absent federal aid, Maryland would lose 97,000 jobs by the end of 2021. If Congress passes only $500 billion in relief, then the shortfall will…
The Frederick County Council yesterday approved legislation authorizing the County to incur a line of credit of up to $100 million in order to ensure continuity of operations in the event that local revenue collections are delayed or otherwise adversely affected as a result of the COVID-19 pandemic. Counties are making significant financial investments to address immediate public health and safety needs. At the same time, counties are experiencing massive and unprecedented declines in revenue…
Maryland Court of Appeals upholds remedy for residents who had paid county income taxes on income earned in other states. In a unanimous decision, the Maryland Court of Appeals has ruled that the General Assembly acted within the Constitution in providing that Marylanders who had paid an unconstitutional tax would be reimbursed at an interest rate pegged to the prime rate used by banks, but less than the 13% interest rate paid on certain other…
© 2019 All rights reserved
