Maryland may need 56-percent property tax hike to cover state debt, report says

The Washington Post

Maryland Politics

By Aaron C. Davis

Maryland lawmakers will either have to raise property taxes by 56 percent over the next five years, or take away $1.1 billion from classrooms, police, and other core state services to cover record state borrowing, budget analysts said Friday.

The dire predictions come from a combination of bills coming due on Maryland's long-term debt, plus falling property tax revenues, which have traditionally covered the costs...

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