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Lawmakers approve recommendations to protect MD from Trump amid $1.2B deficit
Maryland lawmakers approved recommendations to cut spending and boost reserves as the state faces a projected $1.2B budget deficit.
‘Staggering’ error drives slight uptick in MD budget deficit
Maryland’s budget deficit for the next fiscal year has risen to nearly $3 billion, in part because of a “staggering” error in projecting costs.
Declining sales tax revenues adding to Maryland’s projected deficit
Maryland has lowered its projected revenue for next fiscal year as decreased consumer demand drives down sales tax revenue.
Panel recommends sizably upping state debt to fund ‘critical’ capital projects
Maryland officials voted to recommend that the state increase its debt next year for capital projects, in large part because of a projected structural deficit.
Legislators ask Hogan to reduce spending, cut deficit
A bipartisan panel of state legislators Wednesday approved spending recommendations that include a request for incoming Republican Gov. Larry Hogan reduce ongoing spending by at least $350 million in his first budget.
State revenue decreases in wake of sluggish recovery
Maryland’s revenues fell short of projections by an additional $270 million for the current and fiscal 2016 budget years.
Md. deficit $270M worse than previously thought
Maryland's revenue picture worsened today after a state panel released updated figures.
Panel: Cap Md. budget growth to 4 percent
ANNAPOLIS — A Maryland legislative panel on Wednesday recommended that budget spending be capped at 4 percent growth for the next fiscal year. The Spending Affordability Committee meets each December […]
Donald C. Fry: Need for different tack on taxes
Business leaders were asked by the Greater Baltimore Committee at its recent Chesapeake Conference of CEOs to identify key strategic priorities to make Maryland more competitive for economic growth and job creation.
Vote to increase borrowing angers Franchot
ANNAPOLIS — A state debt committee has voted to increase Maryland‘s borrowing by $150 million next year to almost $1.1 billion, and the decision has left Comptroller Peter Franchot steaming. […]
State spending panel to make recommendations
ANNAPOLIS — A panel of Maryland lawmakers is scheduled to make recommendations on state spending for the next fiscal year. The Spending Affordability Committee will meet Thursday evening in Annapolis. […]
Even with tax hikes, transit funds lacking
ANNAPOLIS — A proposal to raise nearly $900 million a year more to spend on Maryland‘s transportation needs would fall billions short of goals to pay for three major transit […]
