Schaufele: General fund revenue loss may not be as bad as was expected
@BryanRenbaum Projected revenue loss from the state’s general fund due to the coronavirus pandemic may not be as severe as
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@BryanRenbaum Projected revenue loss from the state’s general fund due to the coronavirus pandemic may not be as severe as
Read moreBy Bryan Renbaum For MarylandReporter.com Budget Secretary David Brinkley sparred with Democratic legislators Tuesday over the Hogan administration’s proposal to
Read moreIn an effort to ensure Maryland’s millionaires don’t flee the state for cheaper pastures, the General Assembly approved Thursday a cut to the state’s estate tax.
After spirited debate and a 36-10 vote from the Senate, the bill was sent to Gov. Martin O’Malley, who is likely to sign the bill.
Read moreThough he’s listed as chief sponsor of a bill that would cut Maryland’s estate tax, Senate President Mike Miller said Wednesday he only “reluctantly” supports his legislation, and its House equivalent, which delegates passed last week.
But, Miller said, it is important to keep Maryland’s rate competitive to those of other states.
Read moreWith minimal debate, the Maryland Senate rejected a half dozen Republican attempts to further trim Gov. Martin O’Malley’s $39 billion budget Wednesday, and gave preliminary approval to the spending plan that will be sent to the House this week.
The Senate Budget and Taxation Committee ultimately cut $492 million from the current budget and O’Malley’s proposal for next year, partly to make up for lowered revenue estimates in both years.
Read moreMuch or all of an annual $300 million extra payment into Maryland’s pension system is on the chopping block as Senate budgeters seek to balance Gov. Martin O’Malley’s $39 billion budget at a voting session Friday.
Read moreThe filing deadline for state and county offices is tomorrow (Tuesday) at 9 p.m., and candidates are trying to make up their minds to jump in or jump out.
Read moreThe General Assembly’s Spending Affordability Committee recommended Wednesday that next year’s state budget be allowed to grow by 4% and Maryland’s debt limit be allowed to increase $75 million to $1.16 billion next year.
Read moreSenate President Mike Miller is making changes to chamber rules that he hopes will result in a busier workload during the early weeks of the legislature’s 90-day annual session. “We’re battling against human nature, which for most people means putting off issues that could be dealt with today.”
Read moreThe Senate Budget and Taxation Committee voted Thursday to cut $100 million in contributions to the State Retirement and Pension System for fiscal 2014. The committee tied the unexpected move to passage of legislation that will eventually ensure the state puts aside enough money for employee and teachers pensions. But the cut also adds a year to achieving long-term funding goals for those pensions.
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