Rascovar Commentary: Md. deficit — Half a billion and counting

By Barry Rascovar
For MarylandReporter.com 

When legislators finished the 2013 General Assembly session in April, they patted themselves on the back for putting the state on a glide path to wipe out Maryland’s long-running structural deficit in the next budget. Think again.

That deep, dark fiscal hole has returned big-time.

This month’s fiscal prediction by the Department of Legislative Services projects a structural imbalance by next June 30 of over half a billion dollars with nearly as much red ink the following year. It’s a stunning reversal.

Read more: http://marylandreporter.com/2013/10/27/rascovar-commentary-md-deficit-half-a-billion-and-counting/#ixzz2kk6isQjw
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