The Maryland Public Policy Institute
Almost everyone agrees that Baltimore City’s property tax rate – roughly twice that of any other jurisdiction in Maryland— is an obstacle to the city’s renewal and its efforts to attract new residents and create greater economic opportunity.
What few can agree on, however, is how much the city needs to cut its tax rate to be competitive, how to achieve such cuts, and where they should be targeted. Current public policy offers tax breaks for developers to promote building. Critics say breaks should be extended to all residents. Still others say targeted rate cuts for families or newcomers or requiring nonprofits, who don’t pay property taxes, to start would encourage more people and businesses to move to the city.
At the Maryland Policy Forum, we think the way to find the best public policy solution to Baltimore City’s tax problem is through vigorous debate. And we know a thriving Baltimore City benefits everyone in the state in terms of higher tax revenue and lower subsidies. Don’t miss the free debate central to the city and state’s future.
The Maryland Public Policy Institute will host the panel discussion: A Better Way to Restore the Chesapeake Bay, a policy forum on the most sensible policies for addressing Chesapeake Bay pollution and the health of the Bay.
Maryland officials expect to spend over $14 billion in the next decade to meet EPA pollution mitigation targets for the Chesapeake Bay by 2025. Yet Maryland has pointedly ignored a single, enormous source of the pollutants—the massive amount of water-scoured sediment and trapped nitrogen and phosphorus behind the Susquehanna River’s Conowingo Dam. Periodic discharges from the dam, such as the one following Tropical Storm Lee in 2011, spill enormous amounts of sediment and nutrients into the Bay, dwarfing the most optimistic cleanup targets that have been set for the watershed.
What should Maryland do to reduce Chesapeake Bay pollution, and is current policy too much or too little?
Business Summit Breakfast on
Improving Maryland’s Economic Competitiveness
February 21, 2013 from 8-10am
State tax collections are 53 percent higher than in 2000, yet Maryland continues to face $1 billion - plus structural deficits each year with no end in sight.
In the past decade, the state has turned to higher taxes as the only means to span the difference between spending and revenue. Large hikes in 2007 and again this year make the state's tax rates the highest in the region and some of the highest in the country. During this time, a steady stream of high earners has left the state, replaced by fewer people making significantly less money according to IRS and Census data. Is this cycle sustainable?
Join the Maryland Public Policy Institute to discuss whether raising taxes is the key to economic growth or a recipe for fiscal disaster.
The Maryland Public Policy Institute is dedicated to promoting the principles of our Founding Fathers. We know that the liberties we enjoy today are the result of their courage and sacrifice.
That is why the Institute believes it is fitting to honor Maryland’s greatest patriot, Charles Carroll, who helped secure the freedom of this country through his thought and action.
Many people love city life. But Baltimore City's property tax rate - at least twice that of the rest of the state - often makes it financially impossible for people and businesses to choose. The situation is so bad the city's chief economic developer said recently that projects would not be built if not for tax and other breaks given to developers.
Hundreds of millions of dollars in incentives to developers has not turned the city around, however. It lost 30,000 people and 53,000 jobs in the past 10 years following decades of outmigration. These figures have made many residents question the city's development strategy and pushed lowering property taxes to the top priority of most mayoral candidates this year.
Please join the Maryland Public Policy Institute at a forum to hear competing plans for lowering property taxes from mayoral candidates and other civic leaders as well as alternative plans for reviving the city.
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