Budget Director Kleine at Urban Institute Panel Discussion

On April 17, 2017, then-current Baltimore Budget Director Andrew Kleine took part in a panel discussion at the Urban Institute in Washington DC titled, "Housing Crisis Effects on City Finances." The panel was aimed at discussing the various ways that the significant drop in housing values affected the budgets of localities. Andrew discussed, among other things, how the state property tax system in Maryland, with its triennial nature and its limits on how much taxes can increase in any given year, actually remained fairly stable through this crisis, how other revenue sources were significantly hurt, and the measures that the City of Baltimore took to mitigate these effects through spending changes. The panel discussion can be viewed in the link below.

https://www.c-span.org/video/?427035-1/forum-focuses-housing-2008-financ...

 

Related Stories

Update on 2018 Fourth Quarter Economic Indicators Report

Baltimore Economic Indicators Report – 2018 Fourth Quarter was not published due to project and time constraints. BBMR will be posting a data-only update during Summer 2019.

Fiscal 2020 Budget Passes

Baltimore's City Council passed the Fiscal 2020 budget on June 11 and the budget was signed by Mayor Young on June 17. The budget will go into effect on July 1, 2019.

City Council Budget Hearings

City Council Budget Hearings occur the week of June 3, 2019.