“Funding Our Future” Effort Puts A Finer Point on Kirwan Costs, Means
Education / State Budget and Fiscal Issues / Taxes and Revenues
“Funding Our Future” Effort Puts A Finer Point on Kirwan Costs, Means

Stakeholder groups supporting the Kirwan education plan have developed a coalition to support tax reforms to help support its substantial costs, including a slate of revenue proposals in a report, "Funding our Future" The policy debate over school funding, and the goals and costs of the Kirwan Commission plan, has been gaining steam for months leading up to its expected peak during the 2020 legislative session. Now, a coalition supporting the effort is offering specifics…

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November 19, 2019
Airbnb Loses Ballot Battle to Skirt Regulations in Jersey City
Business Affairs / County News / Planning and Zoning / Taxes and Revenues / Winter Conference
Airbnb Loses Ballot Battle to Skirt Regulations in Jersey City

Voters in New Jersey's second-largest city this month overwhelmingly upheld new restrictions on short-term rental properties, dealing a significant blow to short-term rental companies like Airbnb and VRBO. The new regulations, initially passed by the Jersey City Council in June, were put on hold after short-term rental advocates collected enough signatures to force a referendum. The rules limit how often landlords can rent properties, forbid short-term rentals in buildings with more than four units if…

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November 12, 2019
New Technology, New Policy – The Ever-Shrinking Island of Cable Television
Business Affairs / County News / Information Technology / MACo Events / Planning and Zoning / Taxes and Revenues / Winter Conference
New Technology, New Policy – The Ever-Shrinking Island of Cable Television

At this year’s MACo Winter Conference, special guests will join a live recording of the Conduit Street Podcast to discuss the ever-shrinking island of cable television. The session, “New Technology, New Policy – The Ever-Shrinking Island of Cable Television,” will focus on the county role in the telecommunications market of the 2020s. New Technology, New Policy – The Ever-Shrinking Island of Cable Television Description: Technological change continues to advance rapidly - public policy needs to…

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November 12, 2019
State Casino Revenue Down 8.9% in October
County News / Education / State Budget and Fiscal Issues / Taxes and Revenues
State Casino Revenue Down 8.9% in October

Gross gaming revenue (GGR) fell 8.9% percent in October to $143,895,409 from $157,960,668 in October 2018, state lottery and gaming officials announced last week. In terms of year-over-year data, it’s the second month in a row that Maryland casinos brought in less revenue. Casino revenue in September was down 1.1% compared with September 2018. Contributions to the State of Maryland from October 2019 casino gaming revenue totaled $59,267,140, including $44,456,366 for the Education Trust Fund.…

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November 11, 2019
County Budgets / County News / Taxes and Revenues / Winter Conference
Queen Anne’s Previews 2021 Budget Proposal, Calendar

Queen Anne's County today previewed some of the highlights from its FY2021 budget proposal and budget calendar. The county administrator's budget is scheduled to be released on March 24, 2020, with the Queen Anne's County Commissioners holding work sessions in April. The commissioner's budget proposal is due on April 21, followed by public hearings in May. Budget adoption is scheduled for June 9. According to a press release: Rainy Day Fund will retain funding of…

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November 6, 2019
Short-Term Rental Revolution: What’s Your Game Plan?
Business Affairs / County News / Economic Development / Planning and Zoning / Taxes and Revenues / Winter Conference
Short-Term Rental Revolution: What’s Your Game Plan?

Lodging is evolving through technology, as many tourists and visitors now seek to stay in shared spaces and other short-term lodging alternatives. While short-term rentals can help diversify tourism by promoting areas that need visitors the most and reducing overcrowding in tourist hotspots, significant challenges remain regarding the regulation and fair and equitable taxation of short-term rental properties. At the MACo Winter Conference session, "Short-Term Rental Revolution: What's Your Game Plan?" an expert panel will detail the latest trends on the…

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November 5, 2019
GBC 2019 Economic Outlook Conference – November 5 in Baltimore
Economic Development / Finance and Procurement / State Budget and Fiscal Issues / Taxes and Revenues
GBC 2019 Economic Outlook Conference – November 5 in Baltimore

Get your tickets now for the Greater Baltimore Committee’s annual Economic Outlook Conference! Join the GBC as they hear from top experts on the state of the Mid-Atlantic region and Maryland’s economy.  Speakers will discuss the present economic growth outlook and what’s on the horizon for 2020. Speakers include: Tom Barkin – President and CEO, Federal Reserve Bank of Richmond Andrew M. Schaufele – Director of the Bureau of Revenue Estimates, Comptroller of Maryland Bernard…

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October 29, 2019
Perfect Storm for County Budgets… Revisited at #MACoCon
County Budgets / County News / Education / State Budget and Fiscal Issues / Taxes and Revenues / Winter Conference
Perfect Storm for County Budgets… Revisited at #MACoCon

A storm is brewing. Rising costs, sluggish growth, unfunded mandates, and greater demand for services all signal turbulent times ahead for county government budgets. At the 2019 MACo Summer Conference, a panel of state and local fiscal leaders discussed several factors pointing to turbulent times ahead for county government budgets. Now — with new economic data and a better understanding of the Kirwan Commission's plan to fund its ambitious, multi-billion-dollar overhaul of Maryland's education system…

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October 22, 2019
Local Bill Aims to Close “Teardown Loophole” in Montgomery County
County Budgets / County News / Education / Housing and Community Development / Taxes and Revenues
Local Bill Aims to Close “Teardown Loophole” in Montgomery County

Montgomery County Council Member Evan Glass yesterday introduced the Housing Impact Fairness Act –– legislation aimed at raising money for affordable housing and school construction –– by closing the "teardown loophole.” https://twitter.com/MoCoCouncilMD/status/1184210415636615171 The bill would create an excise tax on the demolition or partial demolition (i.e., "teardown") of single-family homes and expand the applicability of the development impact tax for public school improvements. Council Member Glass says the proposal would raise $100 million over the next…

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October 16, 2019
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