Maryland Statehouse in morning light. Photo by Pamela Wood.

Governor Hogan’s FY22 Budget Retains Level Funding for Preservation Programs

01/20/2021
By Elly Colmers Cowan

On January 20, 2021, Governor Hogan released his FY22 budget, which retains funding for several key preservation programs.

Budget press conference, Annapolis, January 19, 2021. Photo from the Governor’s Office.

The Governor’s budget is a blueprint for spending that will next be taken up by the members of the Maryland General Assembly. In a tough budget year, Preservation Maryland is pleased to see funding in the budget for preservation programs.

Unfortunately, most remain woefully underfunded. Once again, the Historic Revitalization Tax Credit is budgeted to receive only $9M for the entire state, a far cry from neighboring Virginia’s $100M or even West Virginia’s $30M. Considering the proven 8:1 return on investment to the state and the potential economic and community revitalization that comes as a result of historic tax credit projects, the starvation-level funding to the program seems short-sighted especially when the state needs to be investing in stimulating economic recovery and job creation.

Level Funding for the Following Programs:

NEXT STEP: ADVOCACY

While these programs are funded in the Governor’s budget, there is no guarantee that that funding will be retained in the final version passed by the Maryland General Assembly before the end of Session in April. Preservation Maryland and our supporters stand ready to defend these programs as the budget moves through the legislative process.

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Elly Colmers Cowan · Director of Advocacy

Elly Cowan is here to get you involved in historic preservation, smart growth, and community development by becoming an advocate with us.

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