Governor Hogan Proposes Over $1 Billion in Tax Relief for Retirees –Senator Ready Co-Sponsoring!
Late last week, Governor Hogan took the next step toward eliminating all retirement taxes in Maryland. The Retirement Reduction Act of 2020 will eliminate all state tax on the first $50,000 of income for retirees making up to $100,000 in federally adjusted gross income. Retirees with Maryland income up to $50,000 will pay no state tax whatsoever in the state of Maryland. This tax reduction would be phased in over five years, beginning next year. We need to continue to fight to make it easier for Maryland families, small businesses, and retirees to stay in our state, and to make it easier for all Marylanders to keep more of their hard-earned money. I’m proud to be a co-sponsor of this legislation and will keep fighting to eliminate the double taxation of taxes on retirement income.
Shall Issue Legislation
I am proud to be a co-sponsor of Senate Bill 190, which would reinstate personal protection or self-defense as good and substantial right to carry a handgun. Under the 2nd Amendment of the U.S. Constitution, it is illegal for legislative bodies to restrict firearm possession. See my most recent 'Ready Report' highlighting my thoughts on gun legistlation here.
2021 Capital Budget Released
Last week in Annapolis, Governor Hogan introduced his 2021 Fiscal Year Capital Budget which focuses heavily on crime, education, transportation, and the environment. The 2021 Budget delivers on Hogan’s promise to restore fiscal responsibility to Annapolis, limiting budget growth to 1% without raising taxes or cutting services, meanwhile, maintaining more the $1.3 billion in reserves. Notable Carroll County projects included in the Governor’s budget are a $5,100,000.00 for the Carroll County Career and Technology Center; a $500,000 for a grant for Carroll County Community College; a $1,000,000.00 for a grant to the Carroll County Public Safety Training Center; a $250,000 for the Charles Carroll Community Center Project; a $250,000 for facility upgrades at the Carroll County Agricultural Center; and $500,000 for a new Sewer Pump Station-Maintenance Center in New Windsor. We’re thankful that Governor Hogan has put funding in his budget for these important community priorities. It shows his commitment to ensuring that Carroll County and all parts of our state receive a fair shake in the capital budget process. I look forward to working in the Senate to support and preserve this critical funding.
District 5 Night in Annapolis
Please join us for our Annual District 5 Night in Annapolis. February 17, 2020 from 5:30-7:30 for food and conversation followed by Session at 8 pm. Call my office 410-841-3683 or email Justin.Ready@senate.state.md.us to register or for more details.
It is my honor to represent you in the Maryland General Assembly. Your thoughts and ideas are always welcome at SenatorReady@gmail.com.