Posted on 09/24/2014 7:20:02 PM PDT by markomalley
Maryland officials on Wednesday lowered projections of state tax revenue for this year and next by a combined $405 million, blaming an economy that is still recovering at a more sluggish pace than expected.
The action will require no immediate cuts in the state’s $16 billion general-fund budget, and Maryland remains in better fiscal health than most other states in the region, including Virginia, which announced a $2.4 billion shortfall in August.
But some Maryland leaders warned that they could face more challenging budget choices ahead if job growth does not pick up. The largest revenue write-down Wednesday was for personal income-tax projections.
(Excerpt) Read more at washingtonpost.com ...
Wait...the media keeps telling us that the economy is doing great ...
Just wait until Obama’s Illegals kick in
Wait until they get the real numbers after the election!
The rats are chasing the business away.
unexpected...
(drink?!)
the rats and the _lacks violence....
Obama says the economy is doing great! And there are so many new jobs! So many, that he’s going to cut taxes, put cake on everyone’s tables, and allow everyone to play golf. (Hey you guys, there’s an election coming up, so stop knocking the economy!)
You beat me to it.
Need another O Malley ‘raise more taxes now’ session.
The Maryland (idiot Dem voter) cows can never be milked eough.
BULL CRAP. It’s the high (and heading higher) taxes that are sending folks to other states thus “depriving” the People’s Democratic Republic of Maryland of the right to get into their pockets.
The ONLY reason my immediate family is still here in Maryland is because of other family members temporarily stuck here. When possible, we’re fleeing also.
Screw Maryland and its ‘RAT rulers.
First it was the millionaire surtax from 2008-2010 that had the money leaving now it is MD’s ridiculous estate taxes that have people moving and dying elsewhere, usually Florida or Texas.
and these clowns blame the economy.
We-ell guvnah’ mebbe you should Google the Laffer Curve. ‘Taint funny.
Maryland “Freak State” PING!
They chased away the gun manufacturers and many conservatives too.
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