Friday, March 1, 2024 |
FOLLOW US:

Maryland advocates push $1.6B plan to tax the rich, corporations to fix state budget

January 26, 2024

Envisioning a not-so-distant future when public school budgets are on the chopping block and essential workers like probation officers lack the resources to do their jobs, a handful of state lawmakers and a coalition of advocates on Monday introduced a plan they say would raise $1.6 billion to plug a significant impending state budget hole. The new revenue — which would come mostly from expanded taxes on households earning more than $250,000 and on corporations — is designed to offset a multi-billion-dollar projected budget deficit that has so far dominated conversations in Annapolis during the annual 90-day legislative session, which began Jan. 10.

Article Source: Baltimore Sun

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.