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Neighboring States Have Surplus Revenue

December 10th, 2024 by WCBC Radio

Maryland is the odd one out in the region when it comes to its finances. At the recent preview of the upcoming General Assembly session, the Western Maryland delegation painted a rather grey picture of pending cuts, possible taxes, and less spending.  Senator Mike McKay pointed to the solid financial footing of neighboring states versus Maryland’s current status…

   

“Maryland is ranked fiftieth in business growth – fiftieth. You know who number one is? The State of Virginia. While we are looking at a budget deficit in the out years of as much as $5.9 billion dollars, the State of Virginia is looking at a $6 billion dollar surplus.”