MD Comptroller Peter Franchot

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Background

Events

Franchot announces Monique Anderson-Walker as running mate

ANNAPOLIS, Md. (AP) — Comptroller Peter Franchot has announced that Prince George's County Councilwoman Monique Anderson-Walker will be his running mate in his bid to become Governor of Maryland. Franchot made the announcement Wednesday. Anderson-Walker, the first African-American woman to be elected to Prince George’s County Council, has served on the Council since 2018. The comptroller noted her commitment to education, workforce initiatives, public safety, transportation and economic development in […]

today10/27/2021 4

News

MD Comptroller reports huge $2.5B budget fund balance

ANNAPOLIS, Md. (AP) — Maryland Comptroller Peter Franchot says Maryland has a huge $2.5 billion fund balance in the state budget, largely due to federal stimulus aid during the pandemic. Franchot made the announcement Wednesday as the state closed its books for the last fiscal year. The $2.5 billion fund balance represents more than 5% of the state’s $48 billion operating budget for fiscal year 2021. The unusually high amount […]

today09/30/2021 5

Events

Franchot outlines equity plan in campaign for MD Governor

ANNAPOLIS, Md. (AP) — Maryland State Comptroller Peter Franchot has outlined a plan to increase equity and inclusion for Black Maryland residents as part of his campaign for Governor. The plan announced Monday includes a pledge to name a Black woman as his running mate. Franchot, a Democrat, says he he would create a Cabinet-level office called the Secretary of Diversity, Equity and Inclusion to review state policies. If recreational […]

today08/10/2021 8

Events

Maryland extends state tax deadline to July 15

ANNAPOLIS, Md. (AP) — Maryland is extending the state's income tax deadline by three months to July 15. Comptroller Peter Franchot made the announcement Thursday. No interest or penalties will be assessed if returns are filed and taxes owed are paid by the new deadline. The extension applies to individual, pass-through, fiduciary and corporate income tax returns. The comptroller says the extension is due to legislation at the state and […]

today03/12/2021 11

Events

Federal stimulus package reflected in Maryland revenues

ANNAPOLIS, Md. (AP) — Maryland officials say federal stimulus money has made a big impact on the state's economic outlook, even as the COVID-19 pandemic continues. The Maryland Board of Revenue Estimates voted Tuesday for updated revenue projections. They project a 1.5% increase in fiscal year 2022 revenues. That's about $299 million more from previous estimates for a total of about $20.1 billion. Comptroller Peter Franchot says while the report […]

today03/10/2021 8

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