Wednesday, February 21, 2024 |

Maryland’s unprecedented surplus grows by $1.6 billion, setting stage for renewed tax cut debate

March 11, 2022

Maryland’s already swollen bank accounts are expected to grow by $1.6 billion, state forecasters said Thursday, setting the stage for renewed debate on how to spend the state’s historic surplus. Democrats have pushed extra funding for schools, child care and tax breaks on necessities such as diapers and medical equipment. Republicans have called for across-the-board tax breaks for retirees.

Article Source: Washington Post

The Morning Rundown

We’re staying up to the minute on the issues shaping the future. Join us on the newsletter of choice for Maryland politicos and business leaders. It’s always free to join and never a hassle to leave. See you on the inside.