BALTIMORE — Maryland faces a projected budget shortfall of about $1.4 billion for the next fiscal year, according to a spending affordability committee briefing in Annapolis. The state constitution requires a balanced budget, meaning lawmakers must either cut services or increase taxes and fees to address the deficit.
We watched the committee briefing to break down what this means for Maryland residents. These briefings provide crucial details about the state's financial health and what changes could be coming.
In recent years, similar budget shortfalls have led to higher costs for car registration and tobacco products, along with a new tax on IT services. The state also made cuts to a massive education spending plan.
Democrats in the state house are attributing the budget issues to fed

WMAR-2 News

Maryland Daily Record
FOX Baltimore
CBS News
KETV NewsWatch 7
AlterNet
Raw Story
Reuters US Top
America News
Reuters US Domestic