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To pay for a TIF subsidy, the city issues a bond, which it expect to pay back based later from taxes. The state of Maryland authorized Baltimore to use TIFs in 1994; however, the city was required to secure voter approval through referendum and none were issued. In 2000, new legislation allowed the city to implement TIFs without voter approval. [6]
The first stormwater fee nationwide was enacted in Washington in 1974. [1] There are now nearly 1,500 jurisdictions with similar policies to address stormwater management. [2]
The president of the city council of Baltimore, MD, recently estimated that his city loses $120 million annually from these foregone taxes. [16] According to a 2010 report by the Lincoln Institute of Land Policy , [ 17 ] between 2000 and 2010 PILOTs were used in at least 18 states.
The Baltimore City Council is the legislative branch that governs the City of Baltimore. It has 14 members elected by district and a president elected at-large ; all serve four-year terms. The council holds regular meetings on alternate Monday evenings on the fourth floor of the Baltimore City Hall . [ 1 ]
SmarTrip is a contactless stored-value smart card payment system managed by the Washington Metropolitan Area Transit Authority (WMATA). The Maryland Transit Administration (MTA) uses a compatible payment system called CharmCard.
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