EASTON — After Maryland met economic growth expectations in fiscal year 2012, the state fell short of General Fund revenue expectations in FY 2013, according to the comptroller's office.
Comptroller Peter Franchot reiterated a call for caution in the midst of a slow and anemic economic recovery after releasing the final closeout number for FY 2013.
"These revenue figures highlight an economy that remains exceedingly fragile and uncertain, and they remind us that we must proceed on a prudent financial course in the months ahead.
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DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
6 comments:
The more you tax something the less of it you get! DUH!
Dems are so stupid ...9:12 understands it so do i but libtards dont..increase in sin taxes... based on sales from prevoius years with less tax..... results... in lower sales with items of a higher tax ....i buy my gas booze and cigs in Va..since i work there and looking for a place there too.F Md and its insane communist politics
Won't be long before we here of someone else who has had his/her hands in the cookie jar.
The last time Maryland raised cigarette taxes revenue collected declined instead of increasing. You can look it up!
Get ready for another round of increases in taxes, fees, permits, surcharges, and fines. AND a whole lot more police "campaigns" against the working class (for our safety, of course -- "if we can save just one life, what do "rights" have to do with anything"?). Keep cheering. You're getting EXACTLY what you asked for.....
What happened to the income tax on those thousands of new jobs O'M created??
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