ANNAPOLIS, Md. (7News) — Just hours before the midnight deadline, Maryland legislators voted on a final passage of the state’s $67 billion budget, containing $1.6 billion in tax and fee increases.
7News is breaking down what the budget includes and what was left out.
NEW TAXES AND TAX BRACKETS
The entire General Assembly session in Annapolis has been focused on closing a $3.3 billion deficit.
The budget headed to the governor’s desk includes two new tax brackets for high-income residents: one for people who make over $500,000 annually and another for those with more than $1 million in annual income…