Maryland is now facing a $405 million revenue shortfall over this year and next, largely the result of sluggish job growth, stagnant incomes and a weak housing market, state officials reported Wednesday. Five years after the official end of the recession, Maryland continues to confront fiscal trouble. This latest shortfall will force Gov. Martin OMalleys administration and the General Assembly to make deeper cuts than previously expected to balance the states roughly $40 billion budget. articles.baltimoresun/2014-09-25/news/bs-md-revenue-estimates-20140924_1_revenue-expectations-revenue-picture-bush-recession
Posted on: Thu, 02 Oct 2014 20:39:41 +0000
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