More taxes. That’s what the state Senate approved Thursday as their budget now heads to the House of Delegates.
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.
Maryland’s Board of Revenue Estimates has revised state revenue projections downward by about $80 million for the current fiscal year and $50 million for the next one.
Mayor Michael Bloomberg is again refusing to release his unedited income taxes. But the heavily redacted documents provided Friday by his administration do provide a peek into the lifestyle and giftmaking of one of the world’s richest men.
Gov. Martin O’Malley has signed a bill allowing illegal immigrants to pay in-state college tuition, if they meet certain conditions.