Maryland State Budget http://delmarvapublicradio.net en Break For Estate Taxes Gets MD Senate Approval http://delmarvapublicradio.net/post/break-estate-taxes-gets-md-senate-approval <p>ANNAPOLIS, Md. (AP) - The Maryland Senate has approved raising the exemption on the estate tax.</p><p>The Senate voted 36-10 on Thursday for a measure already approved by the House of Delegates. That sends the bill to Gov. Martin O'Malley.</p><p>The measure would recouple Maryland's estate tax to the federal one in several years. Now, Maryland estates worth more than $1 million are taxed at a rate of up to 16 percent.</p> Fri, 21 Mar 2014 11:43:38 +0000 Don Rush 51187 at http://delmarvapublicradio.net Break For Estate Taxes Gets MD Senate Approval Governor Martin O'Malley To Release Budget http://delmarvapublicradio.net/post/governor-martin-omalley-release-budget <p>ANNAPOLIS, Md. (AP) - Gov. Martin O'Malley is scheduled to release the state budget for the next fiscal year.</p><p>O'Malley has scheduled a news conference on Wednesday to talk about how the budget closes a budget shortfall.</p><p>The governor's office says the budget plan does not include new taxes or fee increases.</p><p>Maryland's general fund budget is about $16 billion for fiscal year 2015.</p><p>Maryland lawmakers will spend much of the legislative session working on the governor's budget proposal.</p> Wed, 15 Jan 2014 13:15:24 +0000 Don Rush 47713 at http://delmarvapublicradio.net Governor Martin O'Malley To Release Budget Work on Maryland Budget Moves to House of Delegates http://delmarvapublicradio.net/post/work-maryland-budget-moves-house-delegates <p>&nbsp;</p><p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ANNAPOLIS, Md. (AP) - Work on the Maryland budget is shifting to the House of Delegates.</p><p>&nbsp;&nbsp;&nbsp;&nbsp; A House committee is scheduled to consider what delegates think should be done to balance the books for the next fiscal year and cut an ongoing $1.1 billion deficit in half.</p><p>&nbsp;&nbsp;&nbsp;&nbsp; The Senate passed a package of budget legislation on Thursday. It raises the state income tax for most taxpayers. It also would phase in a split of teacher pension costs over four years.</p> Fri, 16 Mar 2012 15:13:21 +0000 Don Rush 9671 at http://delmarvapublicradio.net Maryland Senate Passes Budget and Income Tax Hike http://delmarvapublicradio.net/post/maryland-senate-passes-budget-and-income-tax-hike <p>&nbsp;</p><p>&nbsp;&nbsp;&nbsp;&nbsp; ANNAPOLIS, Md. (AP) - The Maryland Senate has passed budget&nbsp;legislation, including an income tax increase.</p><p>&nbsp;&nbsp;&nbsp;&nbsp; The Democrat-controlled Senate voted 37-9 for the state&#39;s budget Thursday. The Senate voted 33-13 for another bill with cuts and taxes on tobacco and online sales.</p> Thu, 15 Mar 2012 16:23:22 +0000 Don Rush 9611 at http://delmarvapublicradio.net