Friday, June 11, 2010

Industrial energy tax in Baltimore?

To help cover a budget gap, the Baltimore City Council is studying a proposed city energy tax on manufacturers. The council could take up the matter next week, according to the Baltimore Busindess Journal.
The city is facing a $120 million shortfall in its budget.

Baltimore’s finance department estimates the industrial energy tax would bring in $9.1 million each year. Stu FitzGibbon, refinery manager of the Domino Sugar plant in South Baltimore, said it would cost his business alone $1.4 million a year. The Journal reported.

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