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The Maryland Tax Education Foundation was organized to provide information and education programs about Maryland taxes. Based on the premise of President James Madison that a people who would govern themselves must have the knowledge to do so.

The Maryland Tax Education Foundation has co-sponsored four Maryland Institutes on State Budget Analysis. The Maryland Tax Education Foundation researches basic tax issues to provide the Taxpayers with information that will assist them make decisions about proper levels of State government spending, the tax rates and types of taxes that are “best.”

The Maryland Tax Education Foundation will provide information and results of research to news organizations, opinion leaders, legislators, other elected officials and its contributors.

4.24.13 Private Equity Returns: MTEF Chair Refutes Oxford Study on Private Equity Returns. Read Letter
Categories; Private equity returns, Private equity investment returns, Private equity rates of return

1.04.13 Abbe Milstein joins MTEF. Press Release

12-21-12 Maryland Policy Report - $500 Million License Fee for MGM/National Harbor Casino  Report

8-02-12 Study Concludes Indexing of MD State Pension Fund Will Save $150 Million Annually Report

7-25-12 Washington Examiner op-ed quotes MTEF Study
Article

3.25.12 Sixth Casino Might Cut Tax Revenue
Gaming Taxes Drop vs. Just Authorizing Tables Games for Five Locations. Report (PDF) 

3.22.12 Maryland Assembly to Continue Subsidy of Wealthy Horse Owners
Hooke testimony before MD House Ways and Means Committee.
Report (PDF) 

3.4.12 MD State pension fund results fall $ 4 billion behind other states – new MTEF study
Jeff Hooke testified in front of the State Senate’s Budget and Taxation Committee, describing the mismanagement of the state pension fund. Mismanagement and high Wall Street fees have cost the fund $ 3 billion over the last ten years. Mr. Hooke’s testimony contradicted earlier testimony by the pension’s fund’s leadership and State Treasurer Nancy Kopp, who both sugarcoated serious problems at the pension fund. Report (PDF) 

11.15.11 Occupy Maryland? MTEF research shows Statewide campaign contributions dominated by business.
Occupy Maryland? Contributions to Top Elected Officials
Dominated by Business Interests and Fat Cats. Press Release (PDF)
Martin O’Malley for Governor Campaign: Review of Contributions—2010 Campaign Cycle  Report (PDF)  |  Analysis (Excel)
Peter Franchot for Comptroller Campaign: Review of Contributions—2010 Campaign Cycle  Report (PDF)  |  Analysis (Excel)

11.3.11 MTEF assists State Senators in trying to block Exelon- Constellation Merger in its present form.
Spin off BGE, Cut consumer electric rates as condition of Constellation merger, Senators Pipkin, Rosapepe urge PSC. Full Report

7.10.11 $127 Milllion Subsidy for State Center Project. Report
This paper examines the primary taxpayer subsidies for the initial phase of Baltimore City’s State Center, a project proposed to replace the current state facilities in mid-town Baltimore bordering Preston Street. Led by a public-private partnership, the project envisions a mixed-use complex containing state and private office space, retail and dining space, mixed-income housing, and a parking garage. The project has attracted significant attention as well as litigation due to its scope and expense. Lost in the debate, however, is a careful accounting of the project’s potential cost to the public. In what follows, we estimate and report this cost.

9.28.10 MD Pension Fund has $3 Billion Underperformance.
The Maryland state pension fund has significantly trailed the median investment returns of its peers to the tune of $3 billion over the last ten years.
The substandard results may be the result of asset allocation decisions, manager investment selections, or both. Underperformance impacts taxpayers since the state must divert tax revenues toward larger fund contributions.
The state’s pension fund shortfall now stands at $15 billion, over two times the state’s entire general obligation debt of $6.5 billion. Full Report

4.12.010 MTEF urges County Council to sell zoning rights to wealthy developers, rather than giving them away for free. Article

3.05.10 BG&E can generate cheap power with its own generating plants Abstract

2.12.10 WSSC Should Draw Down a Portion of its $300 Million in Reserves Before Increasing Rates Again Media Advisory | Testimony

6.16.09 National publications take note of MTEF-designed proposal to re-regulate MD power plants. Electric Utility Week | Megawatt Daily

6.16.09 Baltimore Sun features op-ed by MTEF Chariman

6.16.09 Washington Post editorial discusses MTEF horseracing proposal

6.02.09 Senators Pipkin and Rosapepe propose re-regulation plan to cut electricity prices. MTEF helps design the plan.
Press Release  |  Proposal Regarding Constellation/EDF Deal

2.19.09 Re-regulation Outline for February 19 press conference sponsored by MD State Senators Rosapepe and Pipkin
Press Release  | Presentation

1.08.09 Proposed Constellation M&A fees unfair to MD residents and likely illegal, says MTEF legal research

Legal Research Concludes That Constellation Merger Termination Fees Likely are Illegal

Thousands of Marylanders Owning Constellation Stock (formerly Baltimore Gas & Electric) Will Pay a Penalty of $6 for Each Share They Own, an Unfair Situation.

Press Release   |    Research Study

12.11.08 MTEF examines water utility privatization by studying Washington Suburban Sanitary Commission

This paper examines WSSC and finds the utility is on par with its peers in many ways; however, it needs to improve its water main replacement rate and lower its operating costs.  WSSC might benefit from the managerial input of an investor-owned utility. Read More.

6.15.08 - “Good News at a Hefty Price”

Montgomery County Schools Able to Maintain SAT Score Advantage in Face of Changing Demographics.

Compared to 2004, MCPS spending in excess of inflation and enrollment now totals $180 million annually.

Read more in the MTEF updates 2005 School Study