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Baltimore could face $1.8B budget deficit over 10 years, finance officials project

December 15, 2023

If current economic trends and spending levels continue, Baltimore could face a cumulative budget shortfall of $1.8 billion over the next decade. That was the sobering message city finance officials gave to City Council members at a budget hearing Thursday. “That’s a scary picture,” Council President Nick Mosby said, looking at a chart depicting how the projected deficit could balloon between now and 2034.

Article Source: The Baltimore Banner

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