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Tag Archives: general fund

Only taxes, cuts to be discussed in special session (access required)

ANNAPOLIS — The General Assembly is set to consider a so-called “bare bones” budget compromise Monday that reinstates cuts enacted by the “doomsday” budget but does not tie in any ancillary measures, like a gas tax increase or gambling expansion. ...

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Maryland joins pending multibillion-dollar foreclosure settlement (access required)

Maryland stands to receive between $895 million and $959 million in benefits under a pending multibillion-dollar nationwide settlement with the five largest mortgage lenders over alleged foreclosure abuses, Attorney General Douglas F. Gansler said Wednesday. Gansler joined the ranks of ...

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O’Malley increases DDA funding

After a rocky six months for the Developmental Disabilities Administration, Gov. Martin O’Malley’s fiscal year 2013 budget proposal increases funding by about $31 million and creates a new fund so unspent money will stay in the agency. Department of Health ...

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Top court OKs extra tax on nonresidents (access required)

Maryland’s highest court on Thursday upheld a piggyback tax on nonresidents, which brought in nearly $50 million last year and an estimated $500 million since it was enacted in 2004. The challengers — three partners in Philadelphia-based Saul Ewing LLP, ...

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State collects $314M more than it expected in fiscal ’11 (access required)

Maryland took in $314 million more than it expected to in fiscal 2011, driven mostly by larger than anticipated individual income tax receipts, according to figures released by the comptroller’s office Thursday. The state was left with a balance of ...

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Teachers’ pension cuts aren’t likely to shore up system

ANNAPOLIS — The House of Delegates and Maryland Senate this past week both voted to cut pension benefits for state teachers and employees while raising contribution rates and retirement ages, ostensibly to cure a massive $18 billion underfunding of the ...

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Bill seeks to dump unspent revenue from AGC into general fund (access required)

ANNAPOLIS — The Attorney Grievance Commission’s annual budget would need to be approved by the state, and any unspent annual revenue would go to Maryland’s general fund rather than remain with the disciplinary body under a legislative proposal the Maryland ...

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