Tag: Christopher Summers
Income inequality grows in the Washington suburbs
While much of the D.C. region has bounced back from the recession, certain segments of the population are benefitting from this recovery more than others, a new report. The report, “Bursting the Bubble” shows that mirroring a national trend, income inequality has been growing over the past few years in the D.C. Metro area, even during the economic recovery.
Read MoreState employees making $100K jumped 20% to 6,847 last year
The number of state employees making over $100,000 jumped dramatically to 6,847 in 2013 due to an across-the-board 2% cost-of-living raise, MarylandReporter.com’s fourth annual analysis of state salaries found. Numerically, this represented a 1,184 increase from 2012, a 20% rise in the number of state and university employees making six figures.
Read MoreState pension system pays too much to advisors, think tanks assert; retirement officials disagree
Two of Maryland’s free-market think tanks are again attacking the Maryland pension system for spending too much money on investment advisors who are not producing enough returns. But the State Retirement Agency says the advisors have helped it reach its benchmark investment goals.
Read MoreThink tanks recommend $500 million casino license
Two Maryland think tanks are proposing that the state charge a license fee as high as $500 million for new National Harbor Casino, saying anything less, such as the current $18 million license fee, “would be a giveaway, corporate welfare, or taxpayer rip-off.”
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