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More Income Tax Revenue Collected By State Than Expected

September 28th, 2011 by WCBC Radio

Maryland's treasurer says the state has collected more income tax revenue than expected in the first two months of the fiscal year- and that there is an anticipated economic growth of 2.8% for next year. It was at this month’s Board of Public Works meeting that Nancy Kopp announced that the state's revenue projections for the current budget year are being revised upward by $195-million dollars- adding that the revision means the board will not have to consider cuts to the current year budget. While there are some encouraging economic numbers for the state, Kopp says much of Maryland’s fiscal picture will be tremendously impacted by the actions of the federal government in the coming months…

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