Maryland Has a Surplus for Now, But $400 Million Gap Lies Ahead

Newman, Emily
August 2003
Bond Buyer;8/29/2003, Vol. 345 Issue 31709, p4
Trade Publication
Reports that Maryland Comptroller, William D. Schaefer, announced on August 28, 2003 that the state finished the fiscal year 2003 in the black although ongoing revenues were less than expected and the state still faces a hefty 400 million dollar budget gap in fiscal 2005. Impact of a boost in federal funding to the state; Size of the budget surplus projected for the fiscal budget 2004; Proposed utilization of the surplus; General revenues reported taken in by the comptroller's office.


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