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