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Next Maryland Governor Will Inherit Structural Deficit

April 28th, 2014 by WCBC Radio

According to a final report of the just completed Maryland General Assembly session, Governor Martin O’Malley’s successor will enter office with a $404 million structural deficit. Although Governor O’Malley’s fiscal 2015 budget reduced the structural deficit from $506 million to 236 million, the on ongoing imbalance between spending and revenues Maryland’s chronic structural deficit will increase by $168 million in fiscal 2016 according to the 90 Day Report for the 2014 Legislative Session. State Senator George told local business leaders that things will get worse before they get better…





 

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