Gov. Martin O'Malley (D) signed into law sweeping changes to the state's tax structure to close a special legislative session yesterday. The new income tax structure, an increase in the state sales tax and other revenue enhancements will generate an estimated $1.4 billion annually. Meanwhile, cuts in projected spending growth will save about $550 million next year.
SOURCE: Maryland Department of Legislative Services | GRAPHIC: The Washington Post - November 20, 2007
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