A little bit of everything
May tax hikes are helping drive a $181 million uptick in Maryland revenues forecast this fiscal year, the Board of Revenue Estimates determined Monday. But state financial officials are still concerned that Congress has not acted to keep the national budget from falling off a fiscal cliff in 2013, with expiring tax cuts and mandatory spending reductions sending the economy into a second recession.
Read moreThe number of Maryland families who need government help to make ends meet has reached record levels. More than 700,000 people receive food assistance, the most in state history. A record 70,000 people depend on emergency cash assistance. And the demand for the state’s child care subsidy program has caused officials to impose an indefinite freeze on new applicants.
Read moreLast week’s special session and another that seems likely to be called in mid-summer gave us all a taste how a full-time legislature might feel. It feels lousy. The states that make lawmaking full-time don’t really seem more wise or productive, despite higher pay and bigger staffs.
Read moreAs Republican delegates railed against the proposed state income tax hike Wednesday afternoon, a lone freshman Democrat from one of the most liberal and affluent districts inside the Capital Beltway got up to explain why she too could not vote for the taxes.
“I believe this discriminates against two-income families with children at home,” said Del. Ariana Kelly, a Bethesda mom with two young children at home.
Read moreThe action on the budget and tax hikes was all over but the shouting by Republicans as the House of Delegates approved a final spending plan, shifting half of pension costs to the counties, and raising state income taxes on people making over $100,000 per year. Republicans opposed the move, joined by 10 Democrats against the budget change and pension move, and 18 opposed to the tax increases.
Read moreAs one delegate put it, it was déjà vu all over again as the House of Delegates on Tuesday rejected amendments to a revised spending plan and $300 million in tax hikes that had often been proposed in the regular 90-day session. The Senate passed the bills earlier in the day, and the House is set to take a final vote Wednesday.
Read moreThe Maryland Senate passed a final budget and over $300 million in tax hikes shortly after noon Wednesday. The House starts debate on the bill Tuesday afternoon. A video shot throughout the day on Monday shows the demonstrators opposed to the tax hikes and spending increases, and a rally by public employee unions supporting the bills.
Read moreThe Maryland Senate is expected to give final approval today to a package of tax hikes that will raise more than $300 million a year.
But a little noticed provision will also raise $36 million in new taxes from companies that back mortgages on commercial development and homebuilding. Opponents say it will add to the cost of construction and harm Maryland’s business rankings.
In this podcast, House Speaker Michael Busch spoke to reporters about the budget and the cuts that would have to be made if tax increases don’t pass. “Only 16% of Marylanders are being asked to pay a little more.”
Read more“Shame on them for not doing the people’s work in the time frame that they had… They raise our taxes, we put less food on the table,” said a Carroll County protester. Senate President Mike Miller says, “It would have been nice if we could have got it done in the 90-day session.”
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