US EditionMaryland Senate OKs budget to address a $3B deficit with concerns about Trump administration cuts
- Maryland's Senate passed budget measures to address a deficit exceeding $3 billion.
- Legislators are crafting a budget amid concerns about a $3 billion deficit and potential federal cuts.
- Lawmakers are considering tax increases, spending cuts, and adjustments to vital government programs.
- Proposed tax changes include a 2.5% B2B service tax and income tax adjustments, potentially raising over $1 billion.
- The budget anticipates federal funding cuts, with potential spending adjustments and concerns about economic competitiveness.
17 Articles
17 Articles
Maryland should look to online gaming to address financial crisis
Maryland is facing a financial crisis. With a crushing $3 billion budget deficit threatening essential state programs, and federal uncertainty that could push that number even higher, Maryland needs a game-changing strategy. The answer? A modernized gaming industry that includes a fully regulated online gaming market — one that not only brings Maryland’s gaming industry into the 21st century but also delivers a massive, sustainable revenue str…
Philippines' budget deficit at P171.4 in February
MANILA — The Philippine government posted a P171.4 billion ($3 billion) budget deficit PHBUD=ECI in February, the Bureau of the Treasury said on Wednesday. It brought year-to-date budget deficit to 103.1 billion pesos, versus the 76.7 billion pesos shortfall a year ago. ($1 = 57.228 Philippine pesos) —Reporting by Mikhail Flores; Editing by Martin Petty The post Philippines’ budget deficit at P171.4 in February appeared first on Interaksyon.
Maryland Senate OKs budget to address a $3B deficit with concerns about Trump administration cuts
ANNAPOLIS, Md. (AP) — The Maryland Senate passed budget measures on Tuesday to address a deficit of more than $3 billion with tax increases and cuts throughout state government, as well as plans for spending adjustments that could be triggered by future federal cuts from the Trump administration. The Democratic-controlled legislature is largely in agreement on the spending plan for the next fiscal year after a deal was announced last month with …
Maryland Senate president warns of potential statewide recession; legislature considers raising business taxes
Maryland Senate President Bill Ferguson said Tuesday that residents should brace themselves for a potential recession in the state amid cuts to federal spending and agencies.
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