Maryland Sees General Fund Growing Over 4% in FY '06

Vadum, Matthew
December 2004
Bond Buyer;12/22/2004, Vol. 350 Issue 32035, p29
Trade Publication
The article reports that Maryland's general fund revenues are expected to increase to $11.3 billion in fiscal 2006. According to state's Board of Revenue Estimates the increase has occurred on account of continued growth in sales and income tax collections. Comptroller William Donald Schaefer, chairman of the board said that overall, they have seen respectable growth in the state's economy this year and they expect it to continue over the next 18 months and beyond. He further added that the growth they are seeing is a step in the right direction to help them close the budget gap they have to face in the years ahead.


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