http://thedailyrecord.com Maryland's trusted source for business and legal news Fri, 24 May 2013 21:04:36 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 http://thedailyrecord.com/2012/04/17/house-republicans-say-special-session-unnecessary/ http://thedailyrecord.com/2012/04/17/house-republicans-say-special-session-unnecessary/#comments Tue, 17 Apr 2012 17:28:55 +0000 Associated Press http://thedailyrecord.com/2012/04/17/house-republicans-say-special-session-unnecessary/ ANNAPOLIS — Gov. Martin O’Malley said Tuesday he will call a special session of the General Assembly to avert about $512 million in budget cuts as soon as the House and Senate can reach consensus on how to pass a revenue package needed to make up the money. Asked when he would like to call [...]

]]> http://thedailyrecord.com/2012/04/17/house-republicans-say-special-session-unnecessary/feed/ 0 http://thedailyrecord.com/2012/04/09/md-panel-agrees-on-budget-with-cuts-not-revenues/ http://thedailyrecord.com/2012/04/09/md-panel-agrees-on-budget-with-cuts-not-revenues/#comments Mon, 09 Apr 2012 22:07:37 +0000 Associated Press http://thedailyrecord.com/2012/04/09/md-panel-agrees-on-budget-with-cuts-not-revenues/ ANNAPOLIS — A panel of Maryland lawmakers reached agreement Monday night on a package of budget measures that include an income tax increase on residents who make more than $100,000, as the General Assembly neared adjournment in an unusually chaotic and tense final hours of a difficult session. Meanwhile, lawmakers also were poised to vote [...]

]]> http://thedailyrecord.com/2012/04/09/md-panel-agrees-on-budget-with-cuts-not-revenues/feed/ 0 http://thedailyrecord.com/2012/04/09/senator-house-not-reciprocating-in-budget-negotiations/ http://thedailyrecord.com/2012/04/09/senator-house-not-reciprocating-in-budget-negotiations/#comments Mon, 09 Apr 2012 17:31:52 +0000 Associated Press http://thedailyrecord.com/2012/04/09/senator-house-not-reciprocating-in-budget-negotiations/ ANNAPOLIS — A leading Senate budget negotiator expressed frustration Monday that House conferees were not meeting senators halfway in last-minute budget talks. But the House speaker suggested the Senate had slowing up budget work by focusing so much on passing a bill to expand gambling in the state. House Speaker Michael Busch, D-Anne Arundel, said [...]

]]> http://thedailyrecord.com/2012/04/09/senator-house-not-reciprocating-in-budget-negotiations/feed/ 0 http://thedailyrecord.com/2012/04/06/senators-offer-income-tax-compromise/ http://thedailyrecord.com/2012/04/06/senators-offer-income-tax-compromise/#comments Fri, 06 Apr 2012 12:00:50 +0000 Associated Press http://thedailyrecord.com/2012/04/06/senators-offer-income-tax-compromise/ ANNAPOLIS — Maryland senators submitted a compromise on Thursday on how to raise revenue in a package of budget legislation by increasing income taxes. The proposal, outlined by Sen. Edward Kasemeyer during budget negotiations, would raise about $309 million for the next fiscal year. The compromise would not increase taxes for anyone making $100,000 or [...]

]]> http://thedailyrecord.com/2012/04/06/senators-offer-income-tax-compromise/feed/ 0 http://thedailyrecord.com/2012/04/02/lawmakers-meet-to-hash-out-budget-differences/ http://thedailyrecord.com/2012/04/02/lawmakers-meet-to-hash-out-budget-differences/#comments Mon, 02 Apr 2012 16:44:28 +0000 Associated Press http://thedailyrecord.com/2012/04/02/lawmakers-meet-to-hash-out-budget-differences/ ANNAPOLIS — Maryland lawmakers and legislative staff are hoping to iron out differences in budgets passed by the state Senate and House of Delegates by midweek. A committee of legislators began meeting Monday morning and resolved some preliminary differences in their versions of the state budget package. Lawmakers held off dealing with a shift in [...]

]]> http://thedailyrecord.com/2012/04/02/lawmakers-meet-to-hash-out-budget-differences/feed/ 0 http://thedailyrecord.com/2012/03/19/senate-budget-chair-defends-proposed-tax-hikes/ http://thedailyrecord.com/2012/03/19/senate-budget-chair-defends-proposed-tax-hikes/#comments Mon, 19 Mar 2012 20:40:55 +0000 Associated Press http://thedailyrecord.com/2012/03/19/senate-budget-chair-defends-proposed-tax-hikes/ ANNAPOLIS — A proposal to raise Maryland income taxes may be distasteful to many, but there does not appear to be much appetite to balance the budget long-term through spending reductions alone, a state senator who chairs a key budget committee said Monday. Sen. Edward Kasemeyer, D-Baltimore County, testified before the House Ways and Means [...]

]]> http://thedailyrecord.com/2012/03/19/senate-budget-chair-defends-proposed-tax-hikes/feed/ 0 http://thedailyrecord.com/2011/09/14/senate-panel-hears-transportation-revenue-options/ http://thedailyrecord.com/2011/09/14/senate-panel-hears-transportation-revenue-options/#comments Wed, 14 Sep 2011 20:54:48 +0000 Associated Press http://thedailyrecord.com/2011/09/14/senate-panel-hears-transportation-revenue-options/ ANNAPOLIS — The chairman of the Senate Budget and Taxation Committee says it will be very difficult to address a $1 billion budget deficit and raise substantial revenue for rising transportation needs, unless Gov. Martin O’Malley includes revenue increases in his budget proposal in January. Sen. Edward Kasemeyer, D-Baltimore County, talked about the prospects of [...]

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