In passing this year’s city budget, which went into effect July 1, the Baltimore City Council had to balance a sizable deficit, despite continued growth in revenues, while also facing looming federal policy impacts on local businesses and institutions and
By Christopher Meyer and Musaab Ibrahim A proposal to drastically cut and permanently cap Baltimore City’s property tax rate is again on the table, after failing to gather enough signatures to reach the ballot in 2022. The proposal would put
Having a safe place to live and raise a family is critical to economic security, health, and many other aspects of daily life. Maryland has some of the highest housing costs in the country[i] and, despite recent progress on tenants’
In order to provide greater opportunity for all city residents and address the lack of affordable housing, Baltimore City needs an effective policy requiring developers to include a certain number of affordable apartments or houses in new development projects.
Last month, a Baltimore City Council committee voted down a bill to study and create a report on the impact of tax increment financing (TIF) to the City’s overall economic development and if such financial tools can be used equitably
A recently unveiled plan to slash Baltimore City’s property tax rate would likely cost upward of $400 million per year, force deep cuts to education and other services, and make the city a less attractive place to live.
As the Baltimore City Council considers the mayor’s proposed budgets for city programs and services for the next budget year, which begins July 1, Baltimore faces a mixed economic forecast as the city emerges from the COVID-19 pandemic stably but
Baltimore City FY23 Budget As the 2022 budget process gets underway, city residents have an opportunity tonight to weigh in on the city’s preliminary budget. This comes as policymakers weigh historic investments in education, infrastructure, and economic development, as well
The Maryland Center on Economic Policy is launching a new project to increase public awareness and understanding of Baltimore City’s budget. As the largest city in the state, and a city facing significant challenges related to economic and racial inequity,
