Fiscally irresponsible policies pushed by far-left Democratic lawmakers have put Maryland, a deep-blue progressive state, into a projected death spiral, with some warning that the state could soon face its worst fiscal crisis in two decades.
“The overarching takeaway from today’s meeting is that there’s an enormous gap between the ongoing spending commitments the state has made and ongoing revenues,” David Romans, a Department of Legislative Services budget analyst, said in a presentation for lawmakers, including members of the Joint Spending Affordability Committee, earlier this month.
Romans warned the state will face “a significant challenge” in paying for those commitments.
“By fiscal 2030 — the final year of our forecast — we are showing the state will only have enough revenue to cover 84% of the expenses we’re projecting the state to incur,” Romans said, adding, “That is the largest gap that we have seen in the last 20 years. It is more significant than the Great Recession.”
In 2008-09, Maryland, the state that borders Washington, DC, to the north and is known for the HBO hit series The Wire, was battered by a deep recession. At the time, budget projections had the state covering between 89% and 87% of its ongoing spending. Now, that figure is projected to be around 84% by the end of the decade.
The local media outlet Maryland Matters was the first to report on the looming budget crisis, warning that it could plunge the state into an economic disaster if the sinking ship is not righted immediately.
I read that Hogan left a hefty surplus and Spend Moore blew it all.
Tax the baltimorons more.
As usual, democrats don’t know how to stop throwing money away. The piece of sh— that we have for governor is the worst but dumb a$$ democrats think he is the greatest thing to happen to Maryland. Don’t trust anyone who grins as much as this p.o.s.
This is what you all city people voted for
heres a solution every county that voted for the pos pay the taxes, maybe they will vote better next time