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MD To Begin Budget Year With Surplus

November 9th, 2015 by WCBC Radio

For the first time in a decade, Maryland expects to begin the budget year with a surplus — and a big one at that. Democratic legislative leaders announced last week that the state expects to take in half a billion dollars more than it budgeted this year, and they also foresee another $215 million surplus for next fiscal year. The extra cash — more than 10 times what lawmakers expected — touched off partisan bickering over the best way to tend to Maryland's finances and renewed a rift between Republican Gov. Larry Hogan and the state's top Democrats. Senate President Mike Miller and House Speaker Michael E. Busch joined other leaders in urging Hogan to send more money to local school systems. The governor says democratic leaders are simply sounding a familiar theme and want to return to the big spending ways of the past- without taking the fiscal consequences into consideration…





 

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