Maryland Gov. Wes Moore’s second legislative session will be a test of his team’s public messaging strategy and the political capital he’s accrued in his first year.
Maryland lawmakers didn’t rule out the possibility of raising taxes while balancing the state budget amid projections of a structural deficit.
Two of Maryland’s top Democrats don’t share the same level of concern about the state’s budget cycle with looming projections of a structural deficit.
Maryland emerged from the last fiscal year with a $555 million surplus, a fraction of its multibillion-dollar surpluses from the previous two fiscal years, the state comptroller said Monday.
Gov. Wes Moore pushed back on concerns about a Red Line bus network and said his administration has shown it can promote growth without raising taxes.
Gov. Wes Moore and members of his cabinet have shied from specifying how spending may change as the state approaches a projected structural deficit after years of surplus.
After starting the year with a large surplus, Maryland is projected to have a nine-figure structural deficit entering the next fiscal year.
The U.S. budget deficit hit an all-time high of $3 trillion for the first 11 months of this budget year, the Treasury Department said Friday.
The majority of Maryland’s public universities are implementing spending freezes, including restrictions on hiring and facility upgrades.
WASHINGTON — The U.S. federal budget deficit increased by $191 billion in August and has topped $1 trillion for the fourth straight year. The deficit for the first 11 months of the 2012 budget year totaled $1.16 trillion, the Treasury Department said Thursday. That’s 6 percent less than the $1.23 trillion in the corresponding period […]
WASHINGTON — The U.S. economy grew more slowly in the first three months of this year. Governments spent less, and businesses cut back on investment. But consumers spent at the fastest pace in more than a year. The result suggests that the economy will continue to expand, slowly but steadily. The Commerce Department estimated Friday […]
WASHINGTON — The federal budget deficit fell sharply in January compared to a year earlier, as an improving economy lifts income tax revenue. The deficit is on track to shrink this year, but the red ink will still run deep: it is forecast to top $1 trillion for the fourth year in a row. That’s […]