Maryland government is on pace to post a $195 million budget surplus in the current fiscal year because tax receipt forecasts have improved.
But the state is scaling down estimates for future growth, expecting tax revenue to grow 2.8 percent in the next fiscal year. Comptroller Peter Franchot warned that lingering unemployment and other economic stagnation could continue to have an impact.
“Given this extraordinary degree of economic volatility and given the growing likelihood that conditions will worsen before they begin to turn around, I would strongly encourage our state’s leaders to proceed with the highest possible degree of caution as they prepare the upcoming budget,” Franchot said in a statement.
More
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
5 comments:
..how about giving it back to us taxpayers?
So why do we need to raise taxes and fees?
Don't take it seriously, people. MD lawmaker will find a way to blow it on something totally unnecessary anyway.
1:11
Because our state administrators feel that we need to sacrifice.
Maryland government is on pace to post a $195 million budget surplus in the current fiscal year because tax receipt forecasts have improved.
But they feel the need to raise bridge tolls by 140% ?
Like the commercial says, it's my money and I want it NOW!
Post a Comment