Shadow of OPEB Liabilities. Hangs Over Rosy Surplus News

Ackerman, Andrew
March 2006
Bond Buyer;3/30/2006, Vol. 355 Issue 32350, Special section p14
Trade Publication
The article provides an overview of the fiscal condition of Maryland. The state is expected to register an increase in general fund revenues by 4.8 percent as a result of the rising receipts from income and sales taxes. However, the state's projected surplus of about $1 billion in 2006 is expected to be offset by the increase in energy and housing prices. In anticipation of future deficits, Governor Robert Ehrlich Jr. has proposed setting aside the current surplus.


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