With 73 days until the implementation of the “doomsday budget,” a coalition of Marylanders affected by the potential $500 million in cuts unveiled a countdown clock at a news conference Wednesday.Read More
Tag: 2013 budget
The members of the General Assembly passed a $35.6 billion balanced budget as they were required to do by midnight Monday. But without the income tax hike they failed to enact, it is the doomsday budget that contains $512 million in additional cuts, much of it to education.Read More
MarylandReporter.com editor and publisher Len Lazarick talks about Gov. Martin O’Malley’s 2013 budget proposal with state Sen. David Brinkley, the ranking minority member on the Senate Budget and Taxation Committee and Neil Bergsman, director of the Maryland Budget and Tax Policy Institute.Read More
About 450,000 Maryland households that earn more than $100,000 per year will see their state and local income taxes go up next year if the legislature approves Gov. Martin O’Malley’s budget proposal. In order to balance an overall $35.8 billion state budget – a 3% increase over last year – O’Malley is asking to cap tax deductions and phase out exemptions for high earners. O’Malley said the average family of four making $150,000 a year would pay $191 more in state and local income taxes.Read More
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