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Analysts: ‘A lot to like’ in Moore budget but ‘minimal progress’ on looming deficits

January 24, 2024

A $63 billion budget proposed by Gov. Wes Moore (D) resolves short-term budget concerns but does little to address billions of dollars in projected budget shortfalls in coming years, legislative analysts said Monday. The outlook, which House Appropriations Committee Chair Ben Barnes (D-Prince George’s and Anne Arundel) called “frightening,” was part of an analysis delivered to House and Senate budget committees Monday. Billions of dollars in ballooning projected deficits over the next three years fed questions about possible tax increases.

Article Source: Maryland Matters

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