Popular Posts

▼

Wednesday, November 27, 2013

Maryland One Of 13 ‘Turkey States’ On Spending, Accounting Watchdog Says

Maryland may have a requirement for a balanced budget, but its audited financial statements show that its spent more than it took in from fiscal 2008 to 2012, according to the Institute for Truth in Accounting.

This made Maryland one of 13 “turkey states” that had more expenses than revenues in fiscal 2012. The list includes all of Maryland’s neighbors except Virginia.

“They circumvent the balanced budget requirements” with accounting gimmicks, said Sheila Weinberg, founder and CEO of the Institute for Truth in Accounting. This watchdog group has long maintained that states do not accurately represents their expenses, revenues, assets and liabilities. The Comprehensive Annual Financial Reports require all states to follow the same accounting rules.
Read more
at

3 comments:

  1. AnonymousNovember 27, 2013 at 10:00 AM

    Better raise existing taxes, and create more. Hey, that air you breathe isn't yours...it belongs to MD and O'Malley.

    ReplyDelete
  2. AnonymousNovember 27, 2013 at 10:30 AM

    O'Malley calls this "Investing", not spending, you silly troll! Now put that pencil down and step away from that calculator!

    ReplyDelete
  3. AnonymousNovember 27, 2013 at 11:50 AM

    Again, look at the Democratic leadership.

    ReplyDelete

Note: Only a member of this blog may post a comment.