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Maryland deficit about $1.6 billion
Maryland deficit about $1.6 billion
Listen to this articleANNAPOLIS — Maryland budget analysts say the state’s deficit is about $1.6 billion.
Members of the state’s nonpartisan Department of Legislative Services gave lawmakers a briefing on the state’s budget situation on Wednesday in Annapolis.
The projections reflect a loss of federal stimulus money the state has used in recent years to balance the books.
Analysts also released some new state revenue coming from slot machine gambling. Out of an estimated $132 million in total revenue, the state is projected to receive about $64 million in the current fiscal year.
Total revenues estimates for the next fiscal year from slot machines are expected to be about $217 million, with about $105 million going to the state.
