State agencies have been asked to reduce spending as legislators and a new governor face the challenge of dealing with a projected budget shortfall of nearly $300 million.

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Overall, Maryland ranked 44th, according to the Mercatus survey, just above New York, California, Massachusettes, Illinois, Connecticut and New Jersey.

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ANNAPOLIS — A Maryland panel on Monday recommended raising the state’s debt limit by $150 million in the next fiscal year. The state’s Capital Debt Affordability Committee voted 4-1 to allow the state to increase it from the current limit ...

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ANNAPOLIS — Gov. Martin O’Malley said Tuesday he will call a special session of the General Assembly to avert about $512 million in budget cuts as soon as the House and Senate can reach consensus on how to pass a ...

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ANNAPOLIS — Maryland’s Board of Revenue Estimates has revised state revenue projections downward by about $80 million for the current fiscal year and $50 million for the next one. The board released the new estimates Wednesday. The revisions are largely ...

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ANNAPOLIS — The Maryland Board of Public Works has deferred action on a $120 million pharmacy contract for the state’s prison inmates after a long and contentious debate. The board decided Wednesday to postpone a vote on the five-year contract ...

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