2018 Legislative Watch
- HB 1256/SB 772: Debt Exemption
It has been 30 years since Maryland has raised its debt exemption threshold. We need to bring our exemptions up-to-date to account for the increased costs of living. In 1988, tuition at a four year college cost, on average, $3,190 per year. Today the average cost has increased by 213% to $9,970. The median rent in 1990 was $600 per month, while today it has more than doubled to $1,478. Wages haven’t kept up with the rising costs-of-living and neither have Maryland’s debt exemption laws. Time to pass legislation that would impose modest increases to our state's debt exemption threshold.