image description

General Assembly Exercises Fiscal Restraint Despite Surplus

May 9th, 2022 by WCBC Radio

When Maryland lawmakers closed their legislative session last month- it was with an unprecedented budget surplus and skyrocketing revenue streams. The state’s incredibly healthy fiscal picture enabled the approval of legislation to upgrade parks, infrastructure, schools and information technology systems, as well as provide tax relief. Despite of being flush with cash, Senate President Bill Ferguson said the General Assembly did exercise fiscal restraint, which meant turning down many requests…