Wednesday, September 20, 2017

Maryland cuts revenue projections by $126.5 million amid 'weak' sales tax growth

Maryland Comptroller Peter Franchot says state lawmakers need to accept a “new normal” after the state Board of Revenue Estimates slashed its revenue projections by $126.5 million over the next two years. The board, comprised of Franchot, Treasurer Nancy Kopp and Secretary of Budget and Management David R. Brinkley, reduced the revenue projection by $53 million to $17.1 billion for the current fiscal year, which began July 1. It also cut the estimate for fiscal 2019 by $73.5 million to $17.6 billion. Franchot…



from https://www.bizjournals.com/baltimore/news/2017/09/20/maryland-cuts-revenue-projections-by-126-5-million.html?ana=RSS%26s=article_search
via http://baltimorecheckbook.tumblr.com/post/165556864242

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