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Franchot Warns Against Wreckless Spending Despite MD Top-10 Economy

July 15th, 2019 by WCBC Radio

Just last week, a report published in USA Today ranked Maryland's economy in the top ten in the nation- but the state’s comptroller still isn’t confident the good times will continue. Maryland ranks eighth on a list compiled by 24/7 Wall St. based on an index comprising five measures: GDP growth, job growth, unemployment rate, poverty rate, and bachelor's degree attainment rate. The report indicated Maryland's five-year GDP annual growth rate was +3.9%, which was the 19th largest increase, and last year's GDP was $412.9 billion, the 15th largest. Unemployment in April was 3.8%.  Comptroller Peter Franchot says those glowing numbers should not lead to wreckless spending- and he continues to recommend that lawmakers take a fiscally conservation, cautious approach moving forward…

1 comment on this post.
  1. kevin:

    Sad that no spent enough money to know how to spell RECKLESS. Or was the Comptroller talking about driving the money in a car without having a “wreck” – thereby being ‘wreckless’?

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