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Tax Increases Loom With Deficit

November 9th, 2023 by WCBC Radio

Maryland’s Legislative Spending Affordability Committee met this week to go over preliminary details about state spending.  With Maryland now facing a significant deficit after ending the Hogan years with a $5 billion surplus, the shadow of tax increases is looming.  Maryland Senator Mike McKay doesn’t sit on the committee, but he says taking a look at scaling back commitments to the Blueprint For Education, which takes a huge chunk of the state budget, could be a starting point…

McKay says that legislators are going to find themselves between a rock and a hard place come January when they are faced with how to pay for all the spending that was approved in the last General Assembly session…