Baltimore tax credit system is ‘highly inequitable,’ city budget office report says

Baltimore City’s distribution of tax credits is both inefficient and highly skewed in favor of wealthier neighborhoods, according to a review of the city’s tax credit programs by the city’s Bureau of the Budget and Management Research. Developers and homeowners in economically strong neighborhoods such as Canton and Riverside received a disproportionate share of the $126.7 million granted by the city in property tax breaks this year, the report found, while many historically neglected neighborhoods received little of that investment.