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As lawmakers prepare 2024 budget, structural deficit emerges from $478 million dip in revenue

March 10, 2023

Maryland appropriators warned Thursday that legislative ambitions in the first year of a new term under Democratic party rule in Annapolis might have to be constrained a bit after state revenue estimates came in lower than anticipated. House Appropriations Chair Ben Barnes (D-Prince George’s) said lawmakers would have to work on a budget that accounts for a new projected structural deficit before considering passing new bills with new spending obligations.

 

Article Source: Maryland Matters

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