October 17th, 2017 by WCBC Radio
Maryland Comptroller Peter Franchot says state lawmakers need to accept a "new normal" after the state Board of Revenue Estimates slashed its revenue projections by $126.5 million over the next two years. The board, comprised of Franchot, Treasurer Nancy Kopp and Secretary of Budget and Management David R. Brinkley, reduced the revenue projection by $53 million to $17.1 billion for the current fiscal year, which began July 1. It also cut the estimate for fiscal 2019 by $73.5 million to $17.6 billion. State Senator George Edwards says that while the overall economy is improving in Maryland- revenue projections continue to be an inexact science…
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