Maryland Gov. Larry Hogan said in his State of the State address that he's cut taxes, but experts say the claim stretches the meaning of a tax break. For instance, businesses and residents saved $240 million because of a U.S. Supreme Court ruling. Other cuts came from Democratic bills Hogan signed.
Those are some big claims. (Maybe he plans to challenge President Donald Trump, who’s no stranger to superlatives.)
To back him up on the international claim, Hogan's staff pointed to the December 2018 issue of Public Works Financing newsletter, "the Journal of Record for public-private partnerships."
The largest project on the list for the $122 billion transportation P3 market was estimated to cost $7.3 billion. Maryland's I-495 and I-270 private-public project is estimated to cost between $9 billion to $11 billion.