This article was written by WTOP’s news partner, The Banner Montgomery, and republished with permission. Subscribe to The Banner Montgomery here.
In the lead-up to a June primary, the Montgomery Council Council Wednesday narrowly approved a progressive income tax hike.
The plan passed 6-5 following a heated debate over whether the council should increase taxes amid rising unemployment and inflation.
The current income tax rate for all residents is 3.2%. Under the new tax rates, residents making more than $150,000 annually will pay a 3.3% income tax — a 0.1% bump.
This story continues. Read the rest at The Banner Montgomery.
