Maryland

"Three Ways To Reduce Maryland's Pension Liabilities"

From the Maryland Public Policy Institute (MPPI) a study by Carol Park: ”On June 30, 2017, the 30-largest public pension funds in the United States, with combined assets of $2.65 trillion, reported a group median funded status of 75.32 percent. At that time, the Maryland State Retirement and Pension System (MSRPS), the 22nd-largest public pension…

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Fortune 500 companies choose VA, not MD

We recently did a little research into the number of Fortune 500 companies headquartered in Maryland and Virginia.  Of the total of 24 in the two states, three are headquartered in Maryland – all three in Bethesda (Lockheed Martin, Marriott International, and Host Hotels and Resorts). The other 21 are in Virginia – of which…

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Why Maryland lost the Amazon HQ2 competition

From the Baltimore Business News on why Amazon did not choose a Maryland location for its new HQ2: “…Virginia officials knew their state has what it takes to win HQ2 without offering a huge incentive package to Amazon. Virginia has one of the most competitive business climates and favorable regulatory environments in the nation.”  …

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“Is MoCo Becoming a Second-Class County?”

From an article by Adam Pagnucco in BethesdaMagazine.com: “For years, county leaders have viewed the county’s budgetary, legislative and regulatory policies as separate from economic development. Let’s look at some of what our county has done. We have had nine major tax hikes in 16 fiscal years. We have led the region in passing costly…

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Questions for meeting of May 16, 2018

Topic:  “WSSC and its Financial Future” Speaker:  Joe Beach, Chief Financial Officer, WSSC                          Free and open to the public The following questions have been sent to the speaker in advance of the meeting: 1.  What criteria does WSSC use in its decision-making process given the need for new pipes, old pipe repair and replacement,…

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Questions prospective voters could ask candidates for county and state office.

Many voters have asked us to come up with thoughtful questions that they could ask of candidates for local and state offices.  Too often we hear the same promises of greater support for schools, better transportation and lower taxes.  But very little is said about how a candidate intends to achieve these goals.  Our questions…

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State Report Blast Dept. of Assessment and Taxation

A just-released 49-page fiscal compliance audit report on the operations of the State Department of Assessments and Taxation (SDAT) has found the state is foregoing millions in property tax revenue because of inefficient assessments. “According to DAT’s records, only 275,461 of the 676,066 residential real properties (that is, 41 percent) that were to be reassessed…

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Improved Properties Are Not Being Reassessed Properly

Unimproved property taxpayers are subsidizing more expensive, improved property owners.  How big is the under-assessment problem?  A 2017 report estimates that Montgomery County’s residential property assessment base would be $2.7 to $3.6 billion higher, resulting in an additional $140M in annual property tax revenue. Read the report by Gordie Brenne and Carol Placek    

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Accountability in Education Act: MCTL View

  Testimony sent to the Senate Education, Health and Environment Affairs Committee SB 302 – Accountability in Education Act of 2018 February 8, 2018 The Montgomery County Taxpayers League supports SB 302 – but with major reservations. The premise of the bill makes eminent good sense – the establishment of an Investigator General (IG) at…

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“Will the Montgomery County delegation fight for us?”

From “The Seventh State“: “In 2010, almost all MoCo state legislators promised to oppose a shift in their election campaigns.  But just two years later, Governor Martin O’Malley proposed a partial pension funding shift, backed by both the Speaker and the Senate President, and most MoCo lawmakers voted to support it.  The cost of the…

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