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Franchot Says State Debt Spiraling Out of Control

April 17th, 2014 by WCBC Radio

Maryland Comptroller Peter Franchot says the state’s debt situation is spiraling out of control- and unfortunately it’s the taxpayers who are going to feel the hit starting next year.  The state’s chief fiscal officer said the debt has been rising for several years, and nothing was done during this year’s general assembly session that ended two weeks ago to address the issue. Franchot says he anticipates a major hike in property taxes in 2015…


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