Maryland budget forecast brightens (Baltimore Sun)

November 13, 2012 – After years of budgetary gloom and shortfalls in the billions of dollars, Maryland’s fiscal forecasters offered lawmakers a brighter outlook Tuesday, saying the state’s operating budget could be just $27 million in the red next fiscal year. Top fiscal analyst Warren Deschenaux told an Annapolis budget committee that it almost appears that next year’s budget “could take care of itself.” The last few years in Annapolis have been wrought with fiscal angst as lawmakers had to close budget gaps in the roughly $16 billion annual spending plan with spending cuts and tax increases. “This is definitely a more positive direction,” said Sen. Ed DeGrange, an Anne Arundel County Democrat who chairs the Spending Affordability panel.

Link to Full Article: http://articles.baltimoresun.com/2012-11-13/news/bs-md-spending-afford-20121113_1_transportation-budget-state-budget-warren-deschenaux

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