March 25th, 2025 by WCBC Radio

Maryland’s Democratic Senate President believes the new financial framework introduced last week can put the state back on the right track.  With a revamped tax program that adds a surcharge on capital gains and a 3% tax on information and data services, President Bill Ferguson says the plan does what it can in face of federal government uncertainty…

   

“We wish we were not in this position. We wish we had certainty from the federal level. But we know if we are going to fund our roads and bridges, if we’re going to fund our schools, our police officers, our firefighters – if we’re going to have a public sector, we have to pay for it. And so we tried to come up with a plan that is the fairest and most equitably distributed.”