After final balance sheets tallied for 2022 fiscal year, Maryland sees...
Maryland has ended another fiscal year with another unanticipated budget surplus — and this year some of that windfall will automatically be redirected to state savings accounts, school construction...
View ArticleAs revenue projections increase, Hogan expands raise for state workers
With federal largesse continuing to rain on the states, Maryland’s fiscal leaders upgraded their revenue estimates for the next two fiscal years on Thursday, and Gov. Larry Hogan (R) used the economic...
View ArticleMaryland gas tax will go up to 47 cents per gallon in July
Maryland motorists will have to dig a little deeper at the gas pump starting July 1. The state tax rate of a gallon of gas will increase to 47 cents per gallon, an increase of more than 10% compared to...
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Looming shutdown could destabilize state budget picture
A looming federal government shutdown could destabilize Maryland’s budget outlook. Minor decreases in projected revenues announced Thursday by the Board of Revenue Estimates represent a mostly flat...
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House and Senate take sides on tax increases after revenue write-down
Disappointing news from a key revenue panel is accentuating a difference in approach by the House and Senate on resolving looming budget gaps. The Board of Revenue Estimates Thursday revised its fiscal...
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