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State Board Projects Up To $1.1B Tax Revenue Shortfall

May 14th, 2020 by WCBC Radio

Maryland could see a $1.1 billion revenue shortfall in the current fiscal year alone due to the economic slowdown caused by the coronavirus. “Now is not the time for governments to be reaching into people’s pockets and taking their cash,” Comptroller Peter Franchot said.  Maryland Board of Revenue Estimates Director Andrew Schaufele presented two scenarios at the board’s non-voting, virtual meeting. 

 

2 Responses to “State Board Projects Up To $1.1B Tax Revenue Shortfall”

  1. May 14, 2020 at 5:56 pm, Brian said:

    There are almost 5000 people working for the state of Maryland that make over $100,000 maybe they could take a cut in pay

    Reply

  2. May 14, 2020 at 8:28 pm, Paolo Primavera said:

    Brian,
    Great idea! If there are actually 5000 people working for the State of Maryland and they rejected 10% of their pay to the benefit of Marylanders that would be a credit of more than 50,000,000.00 DOLLARS. What a Boost to the economy of Maryland! Thank you, Thank you, Thank you!

    Reply

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