Franchot pleas for caution as panel votes not to raise Maryland property tax

Question of the Day

Is it still considered bad form to talk politics during a social gathering?

View results

“The trajectory is set in stone,” he said. “Obviously there is flexibility, but I suspect that the taxpayers will see a 60 percent rate hike over my strong objections.”

While the comptroller expressed his doubts about capital spending, Mr. O'Malley and Mrs. Kopp were reluctant to show as much worry.

The governor and other state officials have long championed capital projects as a way to create jobs and improve residents’ quality of life through better schools and facilities and have said such projects come at low costs and interest rates due to the state’s AAA bond rating.

Mrs. Kopp acknowledged that rising debt costs should be monitored, but she called the debt projections conservative. She added that the state would likely look to plug any gaps with general funds before considering a property-tax increase.

“It may be that we’ll again have to share between the property tax and the general fund. The system is built on that,” she said. “We’ll continue to look seriously at it, but Maryland will continue to make prudent investments in our future.”

© Copyright 2014 The Washington Times, LLC. Click here for reprint permission.

Comments
blog comments powered by Disqus
TWT Video Picks