MD SB284

Reduces or freezes mandatory appropriations for multiple programs including the Maryland Healthy Soils Program (from $500,000 to $400,000 for FY2027-2028), Coordinated Community Supports Partnership Fund (from $100 million to $80 million), Maryland Community College Promise Scholarships (from $13.5 million to $12.5 million), and police/probation loan assistance programs (from $2 million to $500,000)

Caps state aid increases for community colleges at 3% annually for FY2027-2029 under the Senator John A. Cade Funding Formula, and reduces Baltimore City Community College's funding percentage from 68.5% to 67.5% of state funds per full-time equivalent student

Increases county government contributions toward local teacher retirement costs, with amounts ranging from $255,179 (Kent County) to $28,754,528 (Montgomery County), representing increases of approximately 40-60% over previous requirements

Authorizes transfers to the General Fund totaling over $491 million from various special funds, including $259 million from the Strategic Energy Investment Fund, $187.6 million from the Fiscal Responsibility Fund, and $70 million from the Bay Restoration Fund

Modifies tax depreciation rules for manufacturing entities by limiting the federal bonus depreciation allowance under IRC § 168(k) to 20% of adjusted basis, and requires counties to reimburse the state for 25-100% of assisted outpatient treatment program costs over FY2028-2031