Fiscal Responsibility. Economic Stewardship

Peter Franchot is a tough minded leader that gets things done. From an innovative, first in the nation program to make sure corporations pay their fair share to making government more efficient to protecting our environment, Comptroller Franchot is an effective leader that delivers for Maryland.

Making Sure Corporations Pay Their Fair Share

• Entered into an innovative partnership with the U.S. Department of the Treasury – the first of its kind in the nation – that will allow Maryland to intercept federal vendor payments to satisfy state income tax liabilities.

Creating Economic Opportunity

• Fought to expand opportunity for minority and women owned businesses through the State of Maryland’s Minority Business Enterprise (MBE) program.

Protecting Maryland’s Consumers

• Partnered with the Maryland Department of Agriculture in a year-long study to verify that gas is being stored at proper temperatures, as required by law. These quality controls will ensure that consumers will get a true gallon of gasoline for the dollar.

Safeguarding Our Economy

• Established an Economic Advisory Panel, consisting of business leaders across the State, to advise the Board of Revenue Estimates on economic conditions that will affect revenue performance in the near-term future.

Holding Tax Cheats Accountable

• Collected over $1.4 million in delinquent sales and use taxes.

• Led the successful effort to disallow the 'captive' Real Estate Investment Trusts (REITs) deduction while working aggressively to identify and eliminate other tax avoidance efforts.

Making Government More Efficient

• Streamlined the tax payment process through new online customer service innovations, such as Bill Pay.

Protecting Our Environment

• Promoted the use of 'green' technology in public buildings and state vehicles as a way to save taxpayer money and protect Maryland’s natural resources.

Helping Maryland Families Pay for College

• Worked with Treasurer Nancy Kopp and local educators to expand public awareness of the College Savings Plans of Maryland.

Improving Our Quality of Life

• Worked vigorously to keep more than 50,000 packs of untaxed cigarettes and almost $175,000 worth of illegal beer, wine and distilled spirits off of our streets.

Looking Out for Maryland’s Seniors

• Spearheaded successful effort to diversify the State Retirement Agency’s investment portfolio in order to maximize investment returns and reduce risk exposure.