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.Read More »
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 ...
Tagged with: Board of Revenue Estimates capital debt affordability committee Comptroller Peter V. R. Franchot debt limit Economy fiscal year Martin O'Malley revenues t. eloise foster treasurer nancy k. koppRead More »
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 ...
Tagged with: budget del. anthony o'donnell del. jeannie haddaway-riccio doomsday budget Ed Kasemeyer General Assembly legislature maryland Michael E. Busch republicans special session spending cuts t. eloise foster tax hikes Taxes Thomas V. Mike Miller Jr.Read More »
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 ...Read More »
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 ...Read More »