State Reduces Revenue by $53 Million

The Board of Public Works approved a reduction in the State’s revenue projections for fiscal year 2018 by $53 million, a 0.3 percent decrease over prior estimates.  The Board also announced an estimated reduction in revenues for fiscal year 2019 of $73.5 million. According to a statement from the Comptroller’s Office the reductions are largely driven by weaker-than-anticipated sales tax revenues.

Additional coverage can be found in the Baltimore Sun.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s