Business, Politics

Governor Hogan announces plan to devote record surplus to major tax relief, rainy day fund [VIDEO]

ANNAPOLIS, MD—Governor Larry Hogan on Thursday announced a five-point framework for how the State of Maryland will utilize the $2.5 billion surplus—the largest in state history—reported last week by the Bureau of Revenue Estimates. The framework builds on the governor’s record of fiscal discipline while prioritizing relief that advances the state’s recovery. “The entire mission of my administration has been …