taxes | WYPR

taxes

Rachel Baye

Gov. Larry Hogan signed more than 100 bills into law Tuesday morning at a ceremony with House Speaker Michael Busch and Senate President Mike Miller.

Rachel Baye / WYPR

State lawmakers voted Tuesday to approve a $20 million incentive for aerospace and defense giant Northrop Grumman. The money is intended to motivate the company to keep 10,000 jobs in Maryland and spend $100 million on new office space in Linthicum.

A new report by national nonprofit, the Corporation for Enterprise Development, finds that more than half of Baltimore families are “financially vulnerable.” This means a sudden job loss or medical emergency could knock them below the poverty line. Furthermore, half of the city’s households struggle to borrow money affordably, so they risk becoming trapped in debt by high interest rates. Arohi Pathek from CFED helps us compare this snapshot of Baltimore to Maryland’s overall picture. Plus, Sara Johnson, director of the Baltimore CASH Campaign, lays out policies with the potential to help low-income families - including ways to give them recognition for paying their bills on time.