...The legislature cut about $213.9 million in aid to counties. Prince George's will lose $40.4 million, the most of any jurisdiction.
The tax increases include a new schedule for income taxes, which push percentages to 5 percent, 5.25 percent and 5.5 percent. Most income now is taxed at 4.75 percent.
Offsetting the new brackets are increases in the personal exemption and the earned income tax credit. The state will net $28.1 million from all the income tax changes.
Prince George's County will lose about $7.6 million in local tax revenues, in part because of the changes in exemptions, which mean less income will be taxed, according to an analysis by the legislature's budget analysts....
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