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Maryland state agencies advised to slow spending
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.
Maryland fairs poorly in university solvency evaluation
Overall, Maryland ranked 44th, according to the Mercatus survey, just above New York, California, Massachusettes, Illinois, Connecticut and New Jersey.
Md. panel recommends raising debt limit $150M
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 of $925 million. T. Eloise Foster, Gov. Martin O’Malley’s budget secretary, said the increase is […]
O’Malley says consensus key to special session
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 revenue package needed to make up the money. Asked when he would like to call […]
Board of Revenue Estimates notes drop in income tax revenue
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 due to lower-than-expected individual income tax collections, which are down about $101 million this fiscal […]
State board defers decision on $120M pharmacy contract
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 with Diamond Pharmacy to wait for unsuccessful competing bids to have their protests heard at […]
