WBAL Radio
Maryland officials have revised the state's revenue estimates downward by about $405 million for fiscal year 2015 and 2016.
The Maryland Board of Revenue Estimates made the revision Wednesday.
The state has about $177 million less than expected for the current fiscal year, which began in July. The state's Board of Public Works cut about $83 million from the budget at the start of the fiscal year, an action helps keep Maryland's budget in balance even after Thursday's revision.
The revision reflects lower-than-expected income tax collections.
The estimates mean the state will have about $228 million less to work with than initially projected when the governor submits the next state budget in January, when the state's general fund will be an estimated $16.4 billion.
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
11 comments:
That's what happens when manufacturers move out of your state because other states are more business friendly, and the workers left behind are forced into minimum wage jobs.
Now all you need to do is raise the taxes and make more regulatory fees on the businesses that are left so they will be forced out to other states as well.
6:37, Isn't that the truth. That is exactly how NON business experience LIBERALS do things.
I guess they'll start taxing the air we breath next. There's nothing else left.
"Prepare for ludicrous fees!"
O"MALLEY,BROWN RECOVERY PROGRAM.
There are plenty of Liberals with business experience and that are very successful. Get your uneducated head out of the sand.
8:34, NOT IN POLITICS. Salisbury is run by a guy who has no clue how to run a business. Wicomico County is run by a guy who has no clue about business.
I'll sit here and wait for you to provide me the names of LIBERALS who have run successful businesses and are currently in local politics.
I'M WAITING!
8:34 - these liberals with business experience...how many of them started the business and how many inherited it?
Generally, if you don't work hard to build the business, you don't know the pain the governments impose.....
No doubt this will mean more cuts being passed down to the counties.
Get ready Wicomico more taxes coming.
We should take a poll of what tax they will make up or raise to pay for this.
HIDE YOUR WALLETS!!!
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