The financial news out of Annapolis is grim with the Maryland General Assembly’s annual 90-day legislative session underway. In the next fiscal year, which begins July 1, Maryland is projecting a structural deficit of $761 million. That is expected to balloon to about $2.7 billion in fiscal year 2029. The state’s budget last year was $63 billion.
As state makes budget cuts, localities might suffer
January 19, 2024