State Roundup: Lawmakers warn of $2.7 billion deficit, with few …
2 days ago · MARYLAND FACING $2.7 BILLION BUDGET DEFICIT: Maryland lawmakers were warned Tuesday of an impending $2.7 billion deficit they’ll need to resolve for the next budget year — a significant hole that all but guarantees another debate in Annapolis over whether they should make deep budget cuts or raise taxes. Sam Janesch/The Baltimore Sun. One-time fixes including tapping available cash in the ...
Maryland lawmakers are facing $2.7 billion budget deficit ... - CBS News
2 days ago · Maryland lawmakers face a budget outlook worse than during the Great Recession in 2008-2009, with a $2.7B budget deficit for the next budget year, which begins July 1, 2025.
Maryland lawmakers face new $2.7 billion budget deficit, ‘worst
BALTIMORE — Maryland lawmakers were warned Tuesday of an impending $2.7 billion deficit they’ll need to resolve for the next budget year — a significant hole that all but guarantees another ...
Five-year Md. state budget projection foresees ‘enormous gap
1 day ago · Bryan P. Sears, Maryland Matters. November 14, 2024, 6:06 PM. Maryland lawmakers will return to Annapolis in January facing a widening structural budget gap that analysts said is on track to ...
Five-year state budget projection foresees 'enormous gap' not …
2 days ago · Maryland faces more than $1 billion in combined structural and cash deficits in the current year. That gap more than doubles to $2.7 billion in fiscal 2026 and 2027. By fiscal 2028, the state will exhaust the money set aside to cover the costs of education reforms, and will require money from the general fund.
Maryland’s $2.7B budget hole requires thoughtful (and …
1 day ago · PUBLISHED: November 14, 2024 at 6:00 AM EST. When fiscal experts inform you that your budget outlook is the worst in two decades, you are wise to take notice. And this is exactly what happened ...
Maryland Faces $2.7B Budget Deficit, ‘Worst Situation’ in 20 Years
2 days ago · But the latest briefing in the Spending Affordability Committee shows not only will lawmakers likely need to fill a $2.7 billion cash deficit in the next budget — which begins July 1, 2025 ...
Moore proposes nearly $150 million in budget cuts - Maryland …
Jul 10, 2024 · Gov. Wes Moore (D) will ask the Board of Public Works to adopt nearly $150 million in cuts to the state’s current budget of $63 billion. Administration officials said Wednesday that higher-than-anticipated Medicaid enrollment and continued growth in a state-subsidized child care program, coupled with a stagnant economy and a flat revenue ...
Maryland lawmakers approve $63B budget with some tax, fee …
Apr 5, 2024 · Maryland lawmakers gave final passage on Friday to the state’s $63 billion budget legislation, which includes tax and fee increases to help pay for transportation and education, though not...
Maryland Gov. Wes Moore proposes $63.1 billion budget with no …
Jan 18, 2024 · Maryland Gov. Wes Moore has submitted a $63.1 billion budget for the next fiscal year. The state spending plan released Wednesday uses a variety of budget-balancing moves to close a deficit.