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As state makes budget cuts, localities might suffer

January 19, 2024

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.

Article Source: Frederick News-Post

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