Subsidizing the Low Road: Economic ... - Good Jobs First

67 City of Baltimore. Ordinance 0-98, Council Bill 00-0211. An Ordinance Concerning Minority and Women'sBusiness Opportunity. Retrieved from World Wide Web on June 12, 2002 at.68 Maryland Code. § 7-504.3.69 City of Baltimore, 2001a.70 Baltimore Development Corporation. Board of Estimates Deals Since January 1, 1996. Baltimore, MD: 2002.Brodie, M.J. "Tracking Jobs and Taxes for BDC Deals Since January 1, 1996." Memo to Hon. Martin O'Malley, Hon.Sheila Dixon, Hon. Joan M. Pratt, Mr. Thurman W. Zollicoffer, and Mr. George Winfield. January 22, 2002.71 The State of Maryland recently passed a new education finance bill that significantly increases the amount ofstate aid provided to local school districts. Baltimore City schools will undoubtedly benefit from the increasedlevel of state aid. However, to the extent that the new state aid distribution formula is still based on localproperty tax wealth, PILOTs will still have a negative impact on state aid.72 Gallagher, Edward J., Bureau of Budget and Management Research, City of Baltimore. "Impact of 5 PILOT BillsBefore Council on State Aid and Estimated Property Tax Value." Memo to Hon. Martin O'Malley, Chairperson,Taxation and Finance Committee, Baltimore City Council, c/o Brenda Williams, Office of Council Services.December 2, 1999.73Maryland Department of Legislative Services. Fiscal Note. Senate Bill 238. Baltimore City Charter Amendment -General Powers - Tax Increment Financing. Maryland General Assembly. 2000 Session.74 Maryland General Assembly. An Act concerning Baltimore City Charter Amendment - General Powers - TaxIncrement Financing. Chapter 66. 2000 Regular Session.75 Maryland General Assembly. An Act concerning Baltimore City Charter Amendment - General Powers - TaxIncrement Financing, Chapter 170. 2001 Regular Session.76 Baltimore City Council. An ordinance concerning Harborview Lot #2 – Development District. Council Bill 02-0650.77 Baltimore City Council. An ordinance concerning Harborview Lot #2 – Special Obligation Bonds.78 Interview with Jerry Ventry, Department of Business and Economic Development, December, 2001.79 Lipman Frizzell & Mitchell LLC. State of Maryland Heritage Structure Rehabilitation Tax Credits Economic and FiscalImpacts. Baltimore: Preservation Maryland, 2002, p. 22.80 Powers, Kelly. "Westside Tax Haven". Baltimore Magazine. Volume 95, Number 1.81 Epstein, Gady and Calvert, Scott. "Md. may cap development tax credits." Baltimore Sun. February 20, 2002.82 Ibid.83 City of Baltimore, 2001b.84 Interview with Buzz Murphy, aide to City Councilperson Lisa Stancil, June 5, 2002.85 Thomson, 2001.86 Ibid.87 Ibid.88 Ibid.89 Buzz Murphy, 2002.90 Thomson, 2001.91 Frank, 2002.92 Ibid.93 Ibid.94 Buzz Murphy, 2002.95 Andrew Frank, 2002.96 Buzz Murphy, 2002.97 Ibid.98 Frank, 2002.99 Just Economics. Regional Inequities: A Short History of Cities and Suburbs. November, 2000.100 Judd, Dennis. “Constructing the Tourist Bubble.” in The Tourist City, edited by Dennis Judd and SusanFainstein. New Haven: Yale University Press, 1999.101 Fainstein, Susan and Dennis Judd. “Global Forces, Local Strategies and Urban Tourism.” in The Tourist City,edited by Dennis Judd and Susan Fainstein. New Haven: Yale University Press, 1999.102 Ibid.55