Political reporter Pat Warren has a response from both the Republican and Democratic campaigns.
It appears that Maryland’s troubled economy won’t be getting better any time soon.
At the peak of the 2014 campaign for governor comes news that the state not only has a budget deficit but Comptroller Peter Franchot says it cannot afford to pay its debt without deep cuts in an already strained budget or a state property tax hike.
“Maryland families are so badly hit by this recession that to ask them to pay this debt service—it’s just reaching into their pocket at exactly the wrong time. That leaves the general fund, but that’s a bad option too because we just wrote the revenues down by $405 million last week, so the new governor’s going to have a very difficult job,” Franchot said.
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5 comments:
This will only happen when politicians stop spending money they don't have.
Remember when they raised taxes to help with the coming structural deficit that O'Malley said was coming after he defeated Ehrlich. So instead of using the money to pay the deficit they increased funding for other programs. Thanks alot you huckster con men.
Get out and cast your vote for Hogan. Guarantee that the democrats will be fabricating as many votes as they can.
Well Anthony Brown, O'Malley and the Democrats created this problem. Now it's time to vote Republican to fix this problem.
This crew has had 8 years to fix the budget problem and some people want to give them another 4?
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