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Panel recommends 45% increase to state borrowing in coming year

October 18, 2023

A key state fiscal panel approved a sharp increase in state borrowing for the next year as fiscal leaders look for ways to offset a projected structural deficit while improving schools and aging buildings and infrastructure. The recommended $500 million increase over anticipated levels comes as Gov. Wes Moore (D) and others express concerns about the state’s fiscal future. It also represents a potential reduction of cash once intended for capital projects.

Article Source: Maryland Matters

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