"Governor McKee's $13.7B Budget Proposal: Key Highlights and Impacts"
Gov. Dan McKee's $13.7 billion budget proposal for the upcoming fiscal year includes new bond initiatives, increased funding for multilingual learners, tax relief for retirees, and a new tax on e-cigarettes and vapes. The proposal does not raise broad-based taxes but seeks to lower the corporate minimum tax and increase taxes on traditional cigarettes and vaping products. It also includes plans for bond initiatives, tax relief for retirees, increased funding for multilingual learners, and Medicaid rate increases over the next three years. The proposal now goes to the General Assembly for review and potential adjustments.