PLEASE TAKE THE TIME TO WRITE THE MARYLAND PUBLIC SERVICE COMMISSION AND YOUR INCUMBENTS THAT YOU DO NOT WANT RATEPAYERS AND TAXPAYERS TO PAY FOR BILLION DOLLAR BGE/EXELON'S PAST OPERATIONAL COSTS AND FUTURE INFRASTRUCTURE UPGRADES-----DO IT TOMORROW!
PLEASE LET YOUR INCUMBENTS KNOW THAT USING A GAMBLING ECONOMY FOR REVENUE RATHER THAN TAXING CORPORATIONS IS NOT THE SOCIETY IN WHICH WE WANT TO LIVE.....IF CORPORATIONS WANT TO BE THOUGHT OF AS PEOPLE......THEN PAY A 39% TAX RATE! BE ACTIVE AND GET EVERYONE TO VOTE NO IN THIS GAMBLING REFERENDUM THAT IS A GIVE-AWAY TO ORGANIZED CRIME. DO IT TOMORROW!
LASTLY, PLEASE SAY NO TO YET ANOTHER COMMISSION THAT WILL CENTRALIZE DEVELOPMENT TO THE WASHINGTON BELTWAY. TRANSPORTATION IS SPECIFIC TO LOCALITIES AND WE DON'T WANT TO BE PAYING FOR ALL OF MONTGOMERY COUNTY'S TRANSPORTATION DEVELOPMENT WITH RISING TOLLS ALL AROUND THE BALTIMORE/ANNAPOLIS AREA WHILE THEY DRIVE THEIR ALTERNATIVE CARS PAYING LITTLE/NO GAS TAX. WE NEED TO REFORM HOW WE COLLECT TAX REVENUE FOR TRANSPORTATION TO INCLUDE THE ALTERNATIVE ENERGY GROUP USING THE ROADS AND BRIDGES AND THE GAS BUSINESSES WHO NEED/USE THE STATE'S INFRASTRUCTURE AND MAKE PROFITS DOING IT.
WE DO NOT WANT TO GO TO REFERENDUM FOR FUNDING! IT DOESN'T WORK.
YOU SEE HERE 2 MARYLAND ASSEMBLY PERSONS PROPOSING THAT THE STATE CENTRALIZE TRANSPORTATION PROJECTS INTO THE HANDS OF THE VERY PEOPLE RESPONSIBLE FOR GUTTING THE TRANSPORTATION TRUST FUND AND FOR HEAVY HANDED POLITICS IN LOCAL DEVELOPMENT. THEY CALL IT 'GIVING THE PUBLIC A SAY'. RAWLINGS-BLAKE IN BALTIMORE IS DIRECTED ON DEVELOPMENT FROM THESE VERY DISTRICTS....MONTGOMERY COUNTY AND POTOMAC. THEY SAY 'LET'S JUST MAKE IT OFFICIAL'. WE KNOW THAT THE TRANSPORTATION TRUST IS CAN BE HEALTHY WITH THE SYSTEM OF TAX CONTRIBUTIONS IT HAS. THE PROBLEM LIES WITH THE 'CORRUPTION AND TRANSPARENCY' SHORTFALLS FOR WHICH THE STATE IS FAMOUS......THE MONEY IS SECRETED AWAY FOR OTHER PROJECTS. MONTGOMERY COUNTY JUST FINISHED AN UPGRADE OF ITS ENTIRE PUBLIC TRANSPORTATION SYSTEM WITH PUBLIC MONEY AND HANDED IT OFF TO PRIVATE COMPANY VEOLA.....AS THEY ARE DOING IN BALTIMORE. WHEN ASKED TO AUDIT AND ACCOUNT FOR THE TRANSPORTATION TRUST'S ACCOUNTS, THE GENERAL ASSEMBLY DECLINED.
AS A FORMER SEATTLE RESIDENT I AM VERY FAMILIAR WITH WHAT THEY ARE PROPOSING. GOING TO REFERENDUM FOR FUNDING FOR REGIONAL PROJECTS HAS LEFT SEATTLE WITH A TRANSPORTATION NIGHTMARE BECAUSE PEOPLE WOULD ALWAYS VOTE AGAINST RAISING THE TAXES NEEDED FOR ALL PROPOSED PROJECTS.
THE SHORTFALLS IN TRANSPORTATION FUNDING COME FROM THE MOVEMENT OF MANY, ESPECIALLY IN A WEALTHY STATE LIKE MARYLAND TO HYBRID/ELECTRIC CARS AND THE RELIANCE ON GAS TAXES FOR THE FUND. THE STATE IS DELIBERATELY LEAVING THESE HIGH END CAR OWNERS OUT OF THE INFRASTRUCTURE REVENUE LOOP AND THEY MUST CHANGE THAT TO BOOST REVENUE. THE STATE ALSO REFUSES TO TAX GAS COMPANIES PROGRESSIVELY, ALLOWING THOSE WITH THE MOST NEED FOR INFRASTRUCTURE PAY MORE FOR IT. REFINERY DISTRIBUTORS SELL TO GAS STATIONS WHO SELL TO US......THESE BIG PLAYERS MAKING THE PROFITS ARE PAYING THE SAME AS YOU AND I IN GAS TAX.
DO NOT ALLOW THE STATE ASSEMBLY TO CENTRALIZE ANY MORE OF THE DEVELOPMENT RESPONSIBILITIES.......WE SHOULD BE GOING IN THE OTHER DIRECTION.
Proposal gives Maryland voters say on transportation projects
Originally Published on Gazette.Net Gas Tax/Infrastructure
by Daniel Leaderman, Staff Writer
MPPI IN THE NEWS
SEPTEMBER 7, 2012
Transportation funding is likely to be a hot topic in next year’s General Assembly session, and a pair of lawmakers plan to reintroduce what could be a game-changing proposal.
A constitutional amendment drafted by Sen. James C. Rosapepe (D-Dist. 21) of College Park and Del. Brian J. Feldman (D-Dist. 15) of Potomac would allow the governor and lawmakers to piece together specific plans to fund transportation projects and put them to referendum for voter approval.
“Lots of states, lots of communities, lots of cities do this all the time,” Rosapepe said. “It’s pretty normal.”
Voters in 18 states have approved more than 70 such projects during the past three years, Rosapepe said. He and Feldman introduced their amendment during the August special session, but lawmakers focused only on gambling and pit bull-related issues, and the proposal did not advance.
Transportation advocates point to success stories in places such as Denver and Seattle, where voters approved sales-tax increases to fund rail systems in 2004 and 2008, respectively.
But a statewide vote in Georgia this summer illustrates the potential difficulties of such a process, said David Goldberg, spokesman for the Washington, D.C.-based nonprofit Transportation for America.
Legislation passed in Georgia in 2010 divided the state into 12 regions, each of which had its own set of predetermined road improvement and public transportation projects. Georgians went to the polls in July to vote on a penny increase in the sales tax, which was projected to raise more than $18 billion for transportation by 2022.
But the referendum passed in only three regions, where the tax is expected to raise about $1.5 billion for 871 projects, according to the state’s Department of Transportation.
Goldberg says the number of projects in Georgia might have been too large and varied to appeal to voters.
“It looked like a big grab bag,” he said.
With such referendums, the more local, the better, Goldberg said. “People see transportation through a local and pretty personal prism” and need some sense of the benefit to them, he said.
The Seattle plan passed because voters could clearly see the purpose — bringing rail to an area that didn’t have it — and saw it as transformative, Goldberg said.
“Voters have to be a bit inspired,” he said, adding routine maintenance to bridges and roads was a tougher sell. An earlier, mixed plan that included highways, as well as transit, was rejected by Seattle voters, he said.
But major, new projects aren’t the only ones voters are willing to support. Michigan voters agreed in August to continue paying local millage taxes — tied to property values — to fund various public transportation initiatives. Projects ranged from small, local bus service for senior citizens to full bus operations in cities like Ann Arbor, said Megan Owens, executive director of the Detroit-based nonprofit Transportation Riders United.
In Maine, residents routinely vote on bond packages for highway improvement, as often as every two years, according to Maria Fuentes, executive director of the Maine Better Transportation Association. A $51 million bond will be on the ballot in November, she said.
Similar referendums could prove to be a useful tool in Maryland, Rosapepe said. “[But] under the Maryland Constitution, we don’t have the authority to do it.”
The amendment allows for the practice, which could include issuing bonds or creating new revenue sources, but puts no stipulations on the size or scope of the projects in question.
As prices at the pump rose during the 2012 regular session, lawmakers did not act on a proposal by Gov. Martin O’Malley (D) to apply the state’s 6 percent sales tax to gasoline, which was projected to raise about $613 million for transportation infrastructure. The state’s flat, 23.5-cent-per-gallon gas tax has not been increased since 1992.
Since 1984, hundreds of millions of dollars have been taken from the state’s Transportation Trust Fund to balance the state’s budget.
More than $500 million in Maryland Department of Transportation funds have been repaid, but $947.5 million in Highway User Revenues — intended to pay for local road repairs — have not, according to the state’s Blue Ribbon Commission on Transportation Funding.
The amendment also would restrict such transfers to emergency situations like urgent public health threats or invasion by a foreign army, as long as there is a plan to pay back the money within five years.
But past transfers are one reason why the referendum proposal is a bad idea, according to Christopher Summers, president of the conservative Maryland Public Policy Institute.
“Motorists have already paid for these projects,” Summers said, adding lawmakers should explore other ways to find the funding, such as privatization or making unpopular cuts in other areas of government.
Rosapepe said he believed the governor and legislative leaders want to pass a transportation funding package in the next session, and he hoped the amendment would pass regardless, so it can be a tool available for future use.
“I think it’s a very interesting proposal, very worthy of consideration,” said Mahlon “Lon” G. Anderson, managing director of public affairs for AAA Mid-Atlantic and a member of the Blue Ribbon Commission.
Like many new and different proposals, it might take time to pass, but it’s worth trying a new approach after years of “abject failure” to adequately fund transportation in Maryland, Anderson said.
Anderson also has called for the state to dedicate a nearly $500 million surplus from fiscal 2012 to the trust fund.
Another commission member, former state senator Donald C. Fry, also spoke favorably of the proposed amendment.
In additon to protecting the fund against future transfers, putting the projects to vote could restore public trust, said Fry, who is now president and CEO of the Greater Baltimore Committee.
“Now, there’s a lack of confidence that the money will be used for transportation projects,” he said.
THE REASONS GIVEN FOR MERGERS LIKE HAPPENED WITH MARYLAND'S LOCAL ENERGY COMPANY AND A NATIONAL EXELON ARE ALWAYS GIVEN AS SAVING THE STATE MONEY IN MAINTAINING A SYSTEM NEEDING INFRASTRUCTURE UPGRADES. WE HEARD EVERY POLITICIAN IN THE STATE BACK THIS MERGER WITH ASSURANCES THE RATES WOULD BE PROTECTED AND AS THIS ARTICLE FROM THE CHICAGO AREA WILL ATTEST.....IT IS THEIR BUSINESS MODEL TO PASS ALL COSTS, OPERATIONAL AND INFRASTRUCTURE TO THE PUBLIC TO BOOST PROFIT FOR SHAREHOLDERS.
WE CAN HAVE A PUBLIC UTILITY WITH THIS SAME BUSINESS MODEL! IT IS RIDICULOUS FOLKS. SHOUT OUT TO INCUMBENTS AND THE MARYLAND PUBLIC SERVICE COMMISSION!
Exelon Unit Files For Rate HikeBy Zacks Investment Research updated July 6, 2010 | More Posts By Zacks Investment Research | Zacks.com
In conformity with plans of modernization and the benefits there from, a unit of Exelon Corporation (NYSE:EXC), Commonwealth Edison Company (“ComEd”), filed for a rate increase with the Illinois Commerce Commission (“ICC”). The rate increase will raise the average residential bill by 7% in a month.
The rate case filing by the Exelon unit came after three years, as the utility is looking for funds to modernize its electric delivery system for reliable and uninterrupted supply to its consumers. ComEd, through this rate filing, will also try to recover investments made for the purpose of development since 2007.
The rate increase, subject to approval by the ICC, will imply a hike of $6 per month in the residential bill of an average consumer, who have a monthly bill of $86 per month. The commission is expected to come to a decision after an eleven-month proceeding, after taking input from all interested parties. If the new rates are approved it will not be effective until June 2011.
ComEd has a few other existing programs, which are aimed to mitigate the financial impact of the proposed rate increase. Average residential consumers having a monthly bill of $100 per month can reduce their bill by 20% when they participate in three existing programs of the utility, namely appliance recycling, central air conditioning cycling and residential lighting programs.
The adjusted earnings of Exelon Corporation at the end of first-quarter 2010 were $1.00 per share compared with $1.20 per share at the end of first-quarter 2009. The actual results of the quarter were 11 cents higher than the Zacks Consensus expectation of 89 cents. Exelon Corporation expects earnings for 2010 to be in the range of $3.70 to $4.00 per share. The Zacks Consensus Estimate for second-quarter 2010 is 90 cents per share, for 2010 it is $3.81 per share and for 2011 it is $4.12 per share.
Based in Chicago, Illinois, Exelon Corporation, a utility services holding company, through its subsidiaries, engages in the generation, transmission, distribution and sale of electricity to residential, commercial, industrial and wholesale customers. The major competitors of Exelon are Ameren Corporation (NYSE:AEE), Dynegy Inc. (NYSE:DYN) and PPL Corporation (NYSE:PPL).
We believe the rate increase is necessary as it will allow the utility to recover cost incurred for development of infrastructure, which will ensure a reliable supply of power and enable the utility to restore power more efficiently after major storms. We presently maintain a Neutral rating and Zacks Rank# 4 (Sell) on Exelon, as lower energy gross margins remain a cause for concern.
THIS IS VERY BAD!!!!!
GOVERNOR O’MALLEY AND ALLIES TO “OUTSOURCE” TAXATION Maryland Public Policy Institute Responds To Plans To Move Big Decisions To Unelected Officials
by Christopher B. Summers
JULY 17, 2012
FOR IMMEDIATE RELEASE
NEWS MEDIA CONTACT
Christopher B. Summers, President
July 17, 2012 – The Maryland Public Policy Institute today criticized a plan by Governor Martin O’Malley and legislative leaders to “outsource” the setting of tax rates to a new unelected commission. According to published reports, the plan would be applied to a potential sixth casino venue at National Harbor in Prince George’s County, Maryland.
“Governor O’Malley’s plan to outsource the setting of tax rates to unelected consultants is plain wrong,” said Christopher Summers, president of the Maryland Public Policy Institute. “If our leaders want to carve out tax giveaways for billionaire developers two months after raising taxes on families they should have the courage to do it themselves.”
“Additionally, there is no rationale for rushing in to a special session to expand gambling in Maryland. If adding a casino at National Harbor is a good idea in July then it will be a good idea in January when our legislators have a chance to carefully consider and debate its merits.”