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O’Malley Points to Taxes as Consideration for Budget

September 13th, 2011 by WCBC Radio

Maryland Governor  Martin O’Malley, just a few weeks before the General Assembly meets in special session,  says state lawmakers must consider tax increases to help plug a projected budget shortfall that is expected to exceed $1 billion for fiscal 2013. Being careful to use the phrase revenue enhancements as opposed to tax hikes,  the governor offered no specifics but he noted that the General Assembly rejected his proposal last year to index the state’s 23.5-cent-per-gallon gasoline tax to inflation. The state Senate’s Budget and Taxation Committee recently reviewed a swath of potential new taxes that would apply to consumer services, such as accounting and landscaping, as well as snack food and prescription drugs. Its been four years since any signifcant tax hikes were approved, with the state instead implementing a series of cuts. That could change in the coming year…

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