Since the 2021 reassessment, residential values increased on average by 25.6% and commercial properties saw an average jump of 17.6%, according to state data released Friday.
Because of the extensive damage, there are fears that Steuart Hill Academy faces the same future as some of the city’s other shuttered schools — demolition, or more extensive disrepair.
The money would be put toward at least 35,700 properties across Baltimore, including in neighborhoods that typically don’t see much government investment.
Since July of 2020, the number of city cable subscribers has dropped by more than 40,000 — reducing the revenue the city collects from its 5% franchise fee.
The Baltimore City Council on Monday night approved an inclusionary housing bill that would compel all major developments to reserve a portion of the units to be rented at reduced prices.
The resolution, which did not appear on Monday night’s agenda, failed with four members abstaining from the vote. Just minutes earlier, a large group of pro-Palestine protestors had been escorted out of the building after interrupting the council proceedings.
The development team said the marketplace is meant to provide an accelerator space for small businesses, especially those owned by women and people of color. Ideally, vendors will use the space as a launching pad before venturing into bigger spaces.
Shannon Sneed gave us an early peek into 2024 campaign finances this month, when the Democrat filed new records of donations in order to qualify for public financing.
Though the city’s legislative package differs slightly from the county’s proposal, they share a similar goal: that housing developments exceeding a certain size or value, or already receiving large public subsidies, should allocate at least a portion of the units for people at income levels below the Baltimore-area median.
Both bills advanced to second reader, though City Council members said they remained largely unfinished and would need to be refined ahead of another vote.
One bill would require all new developments exceeding a certain size and value to reserve a portion of units for people earning below the Baltimore-area median income. Another would allow developers to apply for a property tax credit.