Thursday, September 24, 2009
State Revenues Still Lagging
Last week’s update by the Board of Revenue Estimates reported a $683 million write-down in estimated state general fund revenues for the current fiscal year, sending Governor O’Malley back to the drawing board for another $300 million in budget cuts. Warren Deschenaux, the General Assembly’s chief budget expert, added to the misery with a fiscal update projecting a $1.9 billion gap in the FY 2011 state budget. Major cost drivers include Medicaid and state personnel costs. See the Board’s report here. See the Department of Legislative Services’ fiscal update here.
Contact Ron Wineholt for further information at .(JavaScript must be enabled to view this email address).
