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Monday, October 28, 2013

Md. Deficit — Half A Billion And Counting

When legislators finished the 2013 General Assembly session in April, they patted themselves on the back for putting the state on a glide path to wipe out Maryland’s long-running structural deficit in the next budget. Think again.

That deep, dark fiscal hole has returned big-time.

This month’s fiscal prediction by the Department of Legislative Services projects a structural imbalance by next June 30 of over half a billion dollars with nearly as much red ink the following year. It’s a stunning reversal.

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4 comments:

  1. Prepare for another round of 40 tax hikes right after the election. No one to to blame but us. We keep sending the same old jackass back to Annapolis. Not anymore!! Enough is way past enough. Thanks for posting this to open my eyes!

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  2. I remember when we had a half billion surplus.Hughes was governor.

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  3. We had 300 million surplus with Erlich...look at what Gov. Scott Walker did-took on the unions and now has a surplus.-that is why we need a Republican governor,

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  4. The solution is so damn simple. You can't spend money you don't have. You must not PROJECT to spend... see simple.

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