Gross gaming revenue (GGR) in Maryland fell four percent in June to $142.89 million from $148.90 million in June 2018, state lottery and gaming officials announced this week. In terms of year-to-year data, it's the second month in a row that Maryland casinos brought in less revenue. Casino revenue in May was down 2.7% compared with May 2018. "Contributions to the State of Maryland from June 2019 casino gaming revenue totaled $60,075,138, including $45,084,912 for…
The [Kirwan] Commission on Innovation and Excellence in Education was formed in 2016 to answer two questions: Should the state revise current education funding formulas? And, what major new education policies must be enacted to put Maryland public schools on par with the best in the world? While the Commission has developed detailed policy recommendations – proposals expected to cost billions of dollars – for counties, most of the ultimate fiscal consequences—and their spillover effect…
In today’s world, internet connectivity is no longer a luxury—it is a necessity. Access to affordable internet, broadband, wireless, and cellular services is an essential component of a county’s economic development and the socio-economic advancements of its residents. Residents benefit from increased economic growth, improved labor market access and outcomes, access to better health care, enhanced civic participation, enriched education opportunities, improved quality of life, and overall competitive and vibrant communities. When Senate Bill 229…
The Anne Arundel County Council on Friday adopted a Fiscal Year 2020 budget that closely mirrors the budget proposed by County Executive Steuart Pittman on May 1. The $1.7 billion operating budget includes increased funding to address critical needs in education, public safety, infrastructure, and environmental enforcement. The FY 20 income tax rate is 2.81% (up from 2.5%) and the FY 20 property tax rate is 93.5 cents per $100 assessed value (up from 90.2…
The U.S. Department of the Treasury and the Internal Revenue Service (IRS) this week squashed attempts by some states to circumvent the federal cap on the deductibility of state and local taxes (SALT). Tax reform capped SALT deductions at $10,000 – a move of particular import in states like Maryland. In response, some states passed legislation to allow local governments to create charitable funds to pay for local services and offer property tax credits to incentivize…
The Queen Anne's County Commissioners this week approved a property tax credit for eligible volunteer firefighters. In order to be eligible for the credit, which will be phased in over five years, fire company volunteers must have maintained active service status for three consecutive years and be a resident property owner of the County. “As a commission, we work together well and keep the future of the county as a priority,” said Commissioner Jack Wilson.…
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