Posted 3/15/2024, 5:00:00 PM
Democrats Propose $1.2 Billion in New Taxes and Fees to Fund Education, Transit Projects
- Democrats proposed $1.2 billion in new taxes, tolls, and fees to fund education and transportation projects and close mounting deficits
- Proposals include taxes on online gambling and rideshares, higher tolls for out-of-staters, a fee on electric vehicles, and higher taxes on businesses
- Governor Moore and Senate leaders resist broad-based tax hikes, wanting to focus on economic growth first
- House leaders say new revenues urgently needed to fund education and transit, including Baltimore's Red Line
- Tax debate centers on timing and extent of hikes, not whether they're needed; must pass balanced budget by April 8th deadline