The Maryland agency that forecasts tax collections predicted Wednesday that the state will take in nearly $400 million more than previously expected this year and in 2019, giving the General Assembly and Gov. Larry Hogan some flexibility as they finalize the budget.
The Board of Revenue Estimates forecast that revenues for the current fiscal year, which ends on June 30, will actually fall nearly $40 million short of previous expectations. But the agency predicted that tax revenue for the budget year starting July 1 would come in more than $433 million higher, largely because of the impact of the recent revision of the federal tax code.
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7 comments:
Of course, the State will find a way to spend the extra money instead of returning it to the people who worked their butts off to earn it. And you wonder why Donald Trump won the election? Get real, for once!
Good +$400M.
- build the new OC route 50 bridge;
or
- build the "WALL" all around Baltimore;
no, check that
- build the "WALL" all around Boy Mayor's Salisbury!
Yeah!
Heaven forbid they give us a refund! #OverTaxedInMd
I think a refund is in order. Once they take your money it is gone. The state uses it for something else that the taxpayers didn't vote on.i pay 5,000 in Fruitland Md taxes. That is crazy.
You made that stupid decision to live inside an municipality which levies an additional property tax for services that county already provides.Move out into the county and your taxes will drop by 50% plus no water and sewer bill...
fruitland taxes are very reasonable. where else could you live in a luxurious community like that so cheap. also, how do you expect to pay for that outstanding police force. when the chief is sober, he does a pretty good job.
when the chief is sober, he does a pretty good job.
March 11, 2018 at 9:02 AM
Leader for comment of the year!
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