State Budgets 2012: Maryland

 

Maryland


To see more state budget news and information, visit State Budgets 2012

Budget Background:

  • Fiscal Year Begins: July 
  • Frequency of Legislative Cycle: Annual
  • Legislative Session for 2012: Convened January 11, 2012 
  • Frequency of Budget Cycle: Annual

Learn more from the National Association of State Budget Officers

 

Budget News and Information: 2012

 

4/17/12:  Democrats, GOP lawmakers disagree on need for special session

Democrats and Republicans sparred Tuesday over whether a special session of the General Assembly is needed to pass tax increases to avert steep budget cuts, while Moody's Investors Service warned the situation could hurt the credit ratings of localities that depend on state aid.

Read More: Baltimore Sun


3/21/12: Maryland Senate leader: House budget won't raise enough money

Budget plans adopted by a House panel don't raise enough new revenue for Maryland, according to Senate President Thomas V. Mike Miller Jr., who said lawmakers would have to be ready to raise taxes again next year under the delegates' proposal. House leaders scaled back the sweeping income taxes adopted by the Senate, which would raise tax rates for all residents earning at least $3,000, choosing instead to raise taxes only on residents earning at least $100,001.

Read More: The Examiner


3/15/12: Maryland state budget passed by state Senate

The Maryland Senate passed budget legislation on Thursday that includes an income tax increase for most taxpayers, leading a Republican lawmaker to say during a contentious debate that "Karl Marx would be proud" of higher taxes on the wealthy while a Democratic lawmaker described the comments as offensive.

Read More: ABC


3/15/12: Maryland Senate votes to tax the rich

The state Senate voted Thursday to significantly raise taxes on Marylanders earning half a million dollars or more — prompting complaints that liberals were bent on launching class warfare in the state. The Senate's vote to adopt what is being dubbed a "millionaire's tax" came after some liberal-leaning senators said they would refuse to support a smaller, across-the-board increase in income taxes unless the wealthy took a special hit. The chamber was considering a plan to raise taxes on most Maryland taxpayers by up to a quarter of a percentage point — a proposal that eventually passed by a vote of 26-20.

Read More: Baltimore Sun


3/9/12: Franchot Statement on Maryland Revenue Estimates

Statement of Comptroller Peter Franchot regarding the updated revenue estimates released by the Board of Revenue Estimates.

Read More: The Bay Net


3/9/12: Md. Senate panel votes to raise income tax, phase in pension split with counties over 4 years

Maryland income taxes would rise and a split of teacher pension costs with local governments would be phased in over four years instead of one, under changes to Gov. Martin O'Malley's budget plan that were approved by the Senate Budget and Taxation Committee on Thursday.

Read More: Washington Post


3/9/12: Md. Senate panel votes to raise income tax

ANNAPOLIS, Md. — Maryland income taxes would rise and a split of teacher pension costs with local governments would be phased in over four years instead of one, under changes to Gov. Martin O'Malley's budget plan that were approved by the Senate Budget and Taxation Committee on Thursday.

Read More: CBS News


3/8/12: Income Tax Hike Could Fill $1B Budget Hole

Maryland Senate panel hashing out the state budget Thursday adopted several tax hikes -- one of which increases personal income tax and another that increases a tax on cigars. Lawmakers are charged with filling a $1-billion hole in the governor's state budget proposal. If the full Senate fails to pass the budget-balancing package, it will trigger so-called "doomsday" cuts. 

Read more: WBAL


3/8/12: Maryland teacher pensions deal still in the works

Debate in Annapolis is heating up over who will pay the tab for teacher pensions, which has historically been covered by the state. Government, school and union leaders are solidly against shifting even part of the cost to localities, particularly in Prince George’s and Montgomery County, which are grappling with budget shortfalls that exceed $100 million.

Read More: Washington Post


3/7/12: 'Doomsday' budget would slash education, police aid

State aid to public schools and universities could be slashed, 500 state jobs abolished and local law enforcement grants eliminated under a "doomsday" budget prepared for the Maryland Senate to show the impact of a budget balanced without tax increases.

Read More: The Baltimore Sun


2/29/12: Maryland Senate committee to discuss budget options

Maryland residents rallied against a proposed cap on income tax deductions in a steady rain on Wednesday, as the leader of the state Senate said he believes lawmakers will find an alternative to that proposal and others in the governor's budget plan.

Read more: ABC News


2/21/12: Md. Senate looking at broader budget cuts

Maryland senators are exploring broader cuts to the state budget due to resistance to some of Gov. Martin O’Malley’s tax proposals, Senate President Thomas V. Mike Miller said Tuesday. The Senate is putting together a “doomsday” budget plan, which focuses on making steeper cuts in case lawmakers can’t agree on the Democratic governor’s budget plan, which includes a variety of tax increases, Miller said.

Read More: The Herald-Mail

 


Budget News and Information: Previous Budget Cycles  

6/5/11: Maryland spending boost among largest

Maryland’s budget for the upcoming fiscal year includes some of the country’s largest spending increases, a study has found.

Read More: The Washington Times


3/28/11: Lawmakers considering range of fees, taxes

The increases would start in the cradle, with a boost in the cost of obtaining a birth certificate.

They would hit passengers on a train or a bus, students paying for college, and residents buying a car or a house.

Read More: Baltimore Sun


3/19/11: Maryland budget fights will focus on benefits for state workers, tax increases

In a deep-blue state such as Maryland, what is the value of a campaign promise to not raise taxes? And after Republicans’ rancorous battle with public employees in Wisconsin, what does a purely Democratic version of state pension reform look like?

Read More: Washington Post


3/18/11: House panel approves $67 million in new fees

A House committee went to work Friday on rewriting portions of Gov. Martin O'Malley's $14 billion budget proposal, rolling back the governor's most significant cuts by chopping elsewhere and raising roughly $67 million in fees.

Read More: Baltimore Sun


3/18/11: Md. House reworks O’Malley pension plan, lowering retiree health-care costs

Since Gov. Martin O’Malley in January married pension reformwith negotiations over this year’s state budget, public employees and retirees have inundated Maryland lawmakers with thousands of calls, letters and the largest State House protest in more than a decade.

Read More: Washington Post


3/17/11: Md. House panels start making budget cuts

Maryland lawmakers recommended new budget cuts on Wednesday to help restore $58.5 million for kindergarten through 12th grade that had been targeted under Gov. Martin O'Malley's budget proposal.

Read More: Bloomberg BusinessWeek

3/16/11: State Budget Cut Considerations Begin In House

The subcommittees for the House of Delegates are in the process of determining what to cut from the state budget, how deep to make the cuts and whether fees and taxes will be increased.

Read More: WBAL TV


3/11/11: As budget talk heats up, education aid likely key stumbling block

Education aid is likely to be the key sticking point in budget discussions that will take center stage in the coming weeks, several top state budget writers said this week.

Read More: Gazette.Net


3/10/11: Return of the Maryland millionaire's tax?

A bill that would permanently return the state's top-tier tax bracket to 6.25 percent received a hearing Thursday in front of the House Ways and Means Committee. The tax increase was one of several signed into law by Gov. Martin O'Malley (D) early in his first term to close ongoing budget shortfalls, but the provision expired last year.

Read More: The Washington Post 


2/23/11: Md. Senate Dems float new budget, $827M in taxes

A group of Democratic Maryland senators proposed $827 million in tax hikes Tuesday to restore funding for state roads, education and health care that would be slashed under Gov. Martin O'Malley's budget plan.

Read more: Bloomberg