March 20th, 2014 | by Jeremy Bauer-Wolf
In 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
March 19th, 2014 | by Jeremy Bauer-Wolf
Though 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
March 13th, 2014 | by Len Lazarick
With 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
March 7th, 2014 | by Len Lazarick
Much 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
February 24th, 2014 | by Len Lazarick
The 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.
December 18th, 2013 | by Len Lazarick
The 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.
November 6th, 2013 | by Len Lazarick
Senate 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.”
March 14th, 2013 | by Len Lazarick
The 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
February 6th, 2013 | by Len Lazarick
The debate over transportation funding in the Maryland General Assembly moved to the Senate Budget Committee Tuesday, with some senators arguing for more transit spending and others claiming that the state devotes too many resources to its transit system already. For the second time in five days, the Maryland transportation secretary was confronted with tough questions from lawmakers, who asked him why drivers should pay for the cost of running the transit system
February 1st, 2013 | by Len Lazarick
Sen. David Brinkley is championing a bill to lower Maryland’s corporate tax rate saying that his legislation would bring jobs to Maryland and help state businesses “compete with Virginia.” The bill would lower Maryland’s corporate tax rate from 8.25% to 6%, a change which would make Maryland’s rate equal to that of Virginia. The tax cut would cost the state approximately $381 million in fiscal year