39 min
What Do You Do About Fluky Formulas? Conduit Street Podcast
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- Politics
On the latest episode of the Conduit Street Podcast, Kevin Kinnally and Michael Sanderson discuss formula funding -- which aims to provide predictable and stable funding. But what happens when your funding formula… fails -- or at least delivers far less than expected?
This episode covers funding formulas for two programs important to county governments, the Disparity Grant and Program Open Space. These are two programs that Maryland policymakers set up many years ago… both have special funding by law, rather than just fighting each year in the budget debate… and both are going over a cliff this year.
The Disparity Grant Program provides noncategorical State aid to low-wealth jurisdictions. It promotes equity across jurisdictions to overcome disparate tax bases — ensuring that counties that rely on local income taxes for substantial revenue can generate sufficient yield to fund schools, public health, public safety, roadway maintenance, and other essential community services.
Established under the Department of Natural Resources in 1969, Program Open Space symbolizes Maryland's long-term commitment to conserving natural resources while providing exceptional outdoor recreation opportunities for residents.
The Conduit Street Podcast is available on major platforms like Spotify, Apple, Google, and anywhere else you get your podcasts. Episodes are also available on MACo's Conduit Street blog.
On the latest episode of the Conduit Street Podcast, Kevin Kinnally and Michael Sanderson discuss formula funding -- which aims to provide predictable and stable funding. But what happens when your funding formula… fails -- or at least delivers far less than expected?
This episode covers funding formulas for two programs important to county governments, the Disparity Grant and Program Open Space. These are two programs that Maryland policymakers set up many years ago… both have special funding by law, rather than just fighting each year in the budget debate… and both are going over a cliff this year.
The Disparity Grant Program provides noncategorical State aid to low-wealth jurisdictions. It promotes equity across jurisdictions to overcome disparate tax bases — ensuring that counties that rely on local income taxes for substantial revenue can generate sufficient yield to fund schools, public health, public safety, roadway maintenance, and other essential community services.
Established under the Department of Natural Resources in 1969, Program Open Space symbolizes Maryland's long-term commitment to conserving natural resources while providing exceptional outdoor recreation opportunities for residents.
The Conduit Street Podcast is available on major platforms like Spotify, Apple, Google, and anywhere else you get your podcasts. Episodes are also available on MACo's Conduit Street blog.
39 min