Baltimore
– The Rich Get Richer ...

Aug 31, 2009

Developer John Paterakis recently won a big tax break, spread over several years, from Baltimore City for his latest Harbor East project – including a Four Seasons Hotel and headquarters for investment firm Legg Mason. How big a tax break? A total of 34 million bucks.

At the same time, Gov. O’Malley is cutting 35 million in state aid to Baltimore City. Mayor Dixon immediately announced there would be layoffs and furloughs of city workers.

Thirty-four million could keep all city workers employed at the full pay they are entitled to.