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Wednesday, July 04, 2012

Change Maryland Releases County-By-County Analysis Of Tax Base

Annapolis - Change Maryland released today an analysis of how the state's 24
jurisdictions are performing in a key metric of their ability to provide essential government services, improve quality of life and maintain fiscal responsibility - the rise or fall of the tax base.

The Internal Revenue Service maintains tax file data between tax years on both the state and county levels. With this data, it is possible to determine which counties are increasing, decreasing or are remaining stagnant when it comes to their tax base.

"A growing tax base is the ultimate win/win situation in public policy," said Change Maryland Chairman Larry Hogan. "It eases the pressure to raise revenues, and conversely, a shrinking tax base often leads to a troublesome tax-and-spend downward spiral as actual revenues fail to meet estimates."

Some of Maryland's most successful counties in terms of increasing its tax base are those with smaller populations. Eastern shore counties Worcester, Kent, Queen Anne's and Talbot are increasing their tax base in percentage terms relatively higher than other jurisdictions throughout the state. Garrett and St. Mary's are also performing well. On the other hand, the state's largest jurisdictions -
Baltimore City and County, Prince George's and Montgomery range from sharply negative growth to stagnant.

"I'm very encouraged by how well we're doing in the rural and outlying counties," said Hogan. "These small economic engines are powering the state forward by attracting new residents. Clearly where we need to see improvement is in our largest jurisdictions. Baltimore City is losing its tax base at unacceptable levels and Montgomery County's stagnant tax base will further tarnish its business reputation as elected officials seek more revenue to make up for budget shortfalls."

Change Maryland noted this Spring that the state overall has lost its tax base more than any other state in the region - and seventh highest nationally.

2 comments:

Anonymous said...

To many O'Malley handouts and free riders. And, he wants to give illegals in state tuition. And Norm Conway is on the same page.

Anonymous said...

I know from what I am hearing from the "legals" themselves they are very unhappy with omalley for this. They feel they spent
1000's of dollars to come here to live and work legally and the illegals are the ones being rewarded. They think omalley is "a bad person" in their own words. This has been the consistance thought amoung the legals.