Conduit Street Podcast: Smart Tech Development — Frederick’s Test Case

On the latest episode of the Conduit Street Podcast, Frederick County Executive Jessica Fitzwater joins Kevin Kinnally and Michael Sanderson to discuss fast-growing Frederick - both as a challenge and an opportunity. Attracting major technology companies presents unique challenges, but the upside is good jobs and local leverage into a vast commercial growth sector.

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Fiscal Briefing Highlights Budget Big Picture

This week, the Department of Legislative Services (DLS) presented its annual fiscal briefing to the General Assembly budget committees. This briefing provides a comprehensive overview of the Governor’s proposed fiscal 2025 operating and capital budgets, aid to local governments, and Maryland's economic and revenue outlook. As previously reported on Conduit Street, Governor Wes Moore unveiled a $63.1 billion budget proposal that the Administration says follows a fiscally responsible framework to respond to the state’s budget…

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MACo Supports Assessment Appeals Fee on Major Commercial Properties

On January 17, 2024, MACo Legislative Director Kevin Kinnally testified before the Senate Budget and Taxation Committee in support of SB 279 Property Tax Assessment- Appeals to Maryland Tax Court- Filing Fee. This bill requires a taxpayer to pay a $100 nonrefundable fee for assessment appeals on income-producing properties valued over $5 million to the Maryland Tax Court. The Department of Assessments and Taxation is obligated to commit substantial staff time and research for every…

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Counties Wary of State-Mandated Expansion to Existing Tax Credit

On January 18, 2024, MACo Legislative Director Kevin Kinnally testified before the Senate Budget and Taxation committee in opposition of SB 25- Property Tax Credit- Disabled or Fallen Law Enforcement Officer or Rescue Worker- Alterations. This bill changes the definition of fallen law enforcement officer or rescue worker to include disabled law enforcement officers or rescue workers who have died regardless of their cause of death, extending property tax credit eligibility. During an afternoon with…

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MACo to General Assembly: Counties Concerned with Overbroad Tax Exemption

On January 18, 2024, MACo Legislative Director Kevin Kinnally testified before the Senate Budget and Taxation Committee in support of SB 6 Property Tax- Credit for Dwelling House of Disabled Veterans- Alterations with Amendments. This bill alters eligibility for property tax credit on the dwelling house of disabled veterans to include individuals who have been declared by the U.S. Department of Veteran Affairs to have a nonpermanent service-connected disability of 100%. The bill as introduced…

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MACo Supports Local Autonomy in Property Tax Credit Authority

On January 18, 2024, MACo Legislative Director Kevin Kinnally testified before the Senate Budget and Taxation Committee in support of SB 67- Property Tax Credit- Retail Service Station Conversions. This bill allows counties and municipalities to grant property tax credit for certain converted retail service stations. It also requires the state to pay participating local governments 50% of the property tax revenue that would have been collected in the absence of the tax credit. The…

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Harford County Council Revamps Hotel Tax Revenue Distribution

The Harford County Council passed a new formula Tuesday, January 16, 2024, for distributing tax revenue from hotel rooms. Council President Patrick Vincenti said he expects the debate over how local residents will benefit from the tourism industry will continue. “We’ve not lost sight of the importance of tourism in Harford County and the millions of millions of dollars it means to our businesses here. There is no doubt in my mind a version of…

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County Revenue Forecast Sluggish Amid Ballooning Fiscal Pressure

While the local fiscal outlook remains relatively stable regarding property tax collections, other primary revenue sources are either experiencing minimal growth or falling short of the prior year's budgeted amounts. As previously reported on Conduit Street, state lawmakers face considerable budget challenges that could drive spending cuts, tax increases, or other remedies to resolve significant structural deficits projected through fiscal 2029. For counties, rising costs, sluggish growth, unfunded mandates, and greater demand for services all…

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Comptroller Lierman Releases Inaugural State of the Economy Report

Maryland Comptroller Brooke Lierman released the first State of the Economy report today, which examines economic indicators and trends to better understand the current economic climate, the potential outlook for Maryland, and strengths and opportunities to leverage for sustained, long-term economic growth. "Maryland's economy is strong, bolstered by a low unemployment rate, high productivity, and one of the lowest poverty rates in the nation. Our state is home to diverse and emerging industries, a robust…

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Here’s a Summary of Fiscal 2023 Local Property Tax Differentials, Tax Rebates

At the local level, counties and municipalities share in the delivery of public services. To cover the costs of these services, residents of municipalities pay property taxes to the county and municipal governments. To compensate municipalities for services provided instead of similar county services, many counties in Maryland have established a tax set-off system by providing either a tax differential or tax rebate to the municipality. A tax differential is a lower county property tax…

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