https://www.washingtonpost.com/dc-md-va/2024/11/16/maryland-budget-deficit-cuts-spending/
" Maryland faces "an enormous gap" between revenue and spending that is projected to soon be worse than during the Great Recession, driven by sluggish job growth and rising expenses, state analysts told lawmakers this week."
" The dire outlook, which could be made even worse if cuts to the federal workforce promised by President-elect Donald Trump materialize, reopens debate over tax increases and deep cuts that will probably be the central focus of the next legislative session, set to begin Jan. 8."
" By 2030, state projections show that the state will bring in only enough money to cover 84 percent of its spending commitments, a gap widened primarily by sluggish growth in Maryland's economy and runaway spending tied to the state's ambitious education program, higher-than-anticipated Medicaid utilization, and a popular child-care-subsidy program."
" Maryland's budget includes about $19 billion in federal funds that could be jeopardized by cuts to spending under the incoming Trump administration. Less federal aid could significantly strain the state's budget, especially if the government reneges on President Joe Biden's promise to foot the bill to replace the Francis Scott Key Bridge in Baltimore, which collapsed after it was struck by a container ship in March. Rebuilding the bridge could cost between $1.7 billion and $1.9 billion…"
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Pour more money into public education, subsidize child care and not plan for high Medicaid costs when you are basically a sanctuary state ??? And you are very dependent on federal dollars instead of being self reliant.
If revenues only cover 84 % of planned expenditures, then cut back. It ain't hard.
" Maryland faces "an enormous gap" between revenue and spending that is projected to soon be worse than during the Great Recession, driven by sluggish job growth and rising expenses, state analysts told lawmakers this week."
" The dire outlook, which could be made even worse if cuts to the federal workforce promised by President-elect Donald Trump materialize, reopens debate over tax increases and deep cuts that will probably be the central focus of the next legislative session, set to begin Jan. 8."
" By 2030, state projections show that the state will bring in only enough money to cover 84 percent of its spending commitments, a gap widened primarily by sluggish growth in Maryland's economy and runaway spending tied to the state's ambitious education program, higher-than-anticipated Medicaid utilization, and a popular child-care-subsidy program."
" Maryland's budget includes about $19 billion in federal funds that could be jeopardized by cuts to spending under the incoming Trump administration. Less federal aid could significantly strain the state's budget, especially if the government reneges on President Joe Biden's promise to foot the bill to replace the Francis Scott Key Bridge in Baltimore, which collapsed after it was struck by a container ship in March. Rebuilding the bridge could cost between $1.7 billion and $1.9 billion…"
///
Pour more money into public education, subsidize child care and not plan for high Medicaid costs when you are basically a sanctuary state ??? And you are very dependent on federal dollars instead of being self reliant.
If revenues only cover 84 % of planned expenditures, then cut back. It ain't hard.
“If you’re going to have crime it should at least be organized crime”
-Havelock Vetinari
-Havelock Vetinari
