Maryland is expected to face a structural deficit of more than $630 million in fiscal 2014 and will have projected budget shortfall of $247 million as lawmakers craft a spending plan for the coming year, state officials said Wednesday.
Budget analysts from the Department of Legislative Services briefed lawmakers from the Joint Spending Affordability Committee, as well as the House and Senate committees that oversee the budget, on the state’s overall fiscal situation.
Revenues are expected to increase, but “it appears we’re losing a little ground in our effort to resolve our structural deficit,” said Warren G. Deschenaux, director of policy analysts for DLS.
big, deficit? no problem, we'll just raise taxes. again.
ReplyDeleteFunny how our taxes keep going up, but there's always a structural deficit.
ReplyDeleteSTOP SPENDING MORE MONEY!
Lay off Senators from the state
ReplyDeleteNo, the real answer is we need another casino in Baltimore!!! What a joke.
ReplyDeleteAND why are people looking at him to be a presidential candidate in the next election?
ReplyDeleteIf were in the hole,why do we need so many elected officials?
ReplyDelete