Maryland House Approves $750 Million Transportation Fund Transfer Over Ten Years.
Democrats Prioritize Boosting Revenue for Transportation and Education.
The Maryland House has made a significant move by passing a measure aimed at transferring $750 million over ten years to a transportation fund. This decision reflects the Democrats’ efforts to boost revenue for transportation and education. The bill known as the Maryland Toll Rate Reform Act of 2024, passed with a vote of 91-42 and is now headed to the Senate for further consideration. The measure seeks to address the strain on Maryland’s transportation finances, particularly repaying funds used for projects like the Intercounty Connector near Washington, D.C.
READ ALSO: Wyoming Legislature Tackles Property Tax: Strategies To Relieve Homeowners’ Burden
$750M Transportation Projects Maryland Lawmakers Vote to Allocate – Boosting Infrastructure!(PHOTO: getty images)
Republicans Voice Concerns Over Potential Toll Increases and Fund Diversion.
Republican lawmakers opposing the bill argue that it could lead to toll increases across the state and divert funds to mass transit. Despite this opposition, the House’s broader plan includes measures to raise revenue through changes in vehicle taxes, registration fees, and a statewide ride-sharing fee. Additionally, the House passed a bill to legalize internet gambling, estimated to contribute $300 million in revenue to aid education funding. Governor Wes Moore’s legislative agenda saw success as most bills passed one chamber, including measures to increase housing supply and address child poverty, highlighting the ongoing efforts to tackle various challenges facing Maryland.
READ ALSO: $3,000 Tax Refund – Maximize Your Financial Growth And Well-Being!
