Earlier today, Governor Hogan met with Prince George’s County small business owners to hear firsthand the challenges they are facing with rising costs and violent crime. Ahead of County Executive Alsobrooks’ State of the Economy event, the Hogan for Maryland campaign released the following statement:
“Under the leadership of County Executive Alsobrooks, Prince George’s County faces a skyrocketing deficit that is projected to grow to $387 million. As a result, the county’s financial outlook was recently downgraded, and she is openly discussing raising taxes on her constituents. The last thing they need right now is higher taxes.
“County Executive Alsobrooks is already campaigning on raising taxes at the federal level. As she seeks a promotion, we urge her to commit to her constituents that she will not raise their taxes as well.”
BACKGROUND
- “Prince George’s county confronts looming budget deficit, banking on future economic growth. … When the budget finally passed the county council in May, a $60M deficit had to be closed with rainy day funds. Now, 7News learned that the latest forecasts for the county show a projected deficit gap that grows from $183M in FY 2025 to as much as $387M by 2030 unless revenue grows or spending is cut.” (WJLA, 12/4/23)
- “Moody’s Ratings revises Prince George’s County, MD’s outlook to negative from stable” (Moody’s Investor Service)
- County Executive Angela Alsobrooks: “What we recognize–and what the rating reflects–is that going forward it’s going to become increasingly difficult for us to be able to afford without an increase in some place of revenue.” Watch here.
- “Alsobrooks … says she wants to raise the corporate tax rate.” (WTOP, 5/8/24)
- “Additionally, she advocates for eliminating the payroll cap on Social Security taxes to ensure the long-term solvency of the program.” (Alsobrooks website)
