Last week, I attended a webinar hosted by the Maryland Municipal League (MML) on changing how municipalities (like Laurel) receive their funding.

As you may be aware, 67% of our City’s revenue comes from property taxes – This can be a help when property values are strong/ rising, but it can also be a risk to have so much coming from only one source.

So MML is exploring with the state legislators possible ways to diversify revenue sources, resulting in greater economic stability for cities and towns across the state.

It remains to be seen how/when this may materialize, but I’ll be keeping tabs on and share as I learn more.