Gov. Larry Hogan’s proposal for a 2 percent cut across the board for state agencies without specifying what the cuts will be is “a very dangerous” approach to balancing the state’s finances, a top Maryland budget analyst said Monday, but the governor’s budget secretary said the idea was to give agency leaders more time to find efficiencies.
The Congressional Budget Office says the deficit will be $468 billion for the budget year that ends in September.
IRS Commissioner says budget cuts could delay tax refunds, reduce the number of audits and cost the government at least $2 billion in lost revenue.
A Maryland board has approved a plan to address about $410 million of a budget shortfall for the current fiscal year to better position the state to tackle a deficit in the next fiscal year.
Gov. Terry McAuliffe wants to more than double the pot of money he can spend trying to lure companies to Virginia, ease school districts’ teacher retirement burdens, and give raises to rookie deputy sheriffs.
Their power ebbing, Senate Democrats launched a last-minute drive Saturday to confirm roughly 20 of President Barack Obama’s nominees, and several Republicans blamed tea party-backed Texas Sen. Ted Cruz for creating an opening for the outgoing majority party to exploit.
Gov.-elect Larry Hogan says strong medicine is needed to get Maryland’s long-running budget problems in order.
Maryland lawmakers will be facing a shortfall of about $593 million under current projections when they work on the budget for the next fiscal year.
Traveling to Italy is a wonderful but expensive adventure. Make the most of your money with these five budget tips.
District of Columbia Mayor Vincent Gray has vetoed the $10.6 billion budget approved by the D.C. Council.