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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 to make spending recommendations on the state’s general fund budget. It also recommended cutting the state’s projected ongoing budget deficit of about $362 million by […]
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. “One week we are taking in less money, and the next week we are spending more,” Franchot said in an interview, referring to a write-down […]
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. The panel has made recommendations to the executive branch since 1982. The recommendations are not binding on the governor, who submits the state budget in […]
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 lines and support local projects and other initiatives, state budget analysts said Thursday. That forecast came packaged with a wide range of gloomy fiscal projections […]
Maryland leaders want less spending in 2011
ANNAPOLIS — Legislative leaders took a new approach to setting budget targets Tuesday, telling the governor and lawmakers that they wanted to see the persistent $2 billion structural deficit cut by a third next year, meaning a $670 million real reduction in general fund spending. The Spending Affordability Committee, made up of 21 fiscal leaders […]
