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No Tax Relief In Next Fiscal Year Budget

May 15th, 2019 by WCBC Radio

When the Maryland General Assembly gave final approval last month to the state’s $46.6 billion budget for the next fiscal year- it was done so with no tax cuts- something that Delegate Mike McKay says was a major disappointment. The budget includes $255 million in extra education funding to start implementing a state commission’s recommendations to improve schools. That’s not as high as the $320 million the House of Delegates had hoped for, but lawmakers had to account for a recent drop in state revenue estimates. In total, there is about $7 billion in education funding. The budget includes $500 million for school construction. The budget for the next fiscal year includes increases in pay for state employees, including a 9 percent pay hike for correctional officers. Delegate McKay said that District One delegation pushed for tax relief but were unable to get any of those bills to the floor for a vote…

 

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