Maryland Budget Deficit Up; Schaefer Blames Glendening

Vekshin, Alison
September 2002
Bond Buyer;9/20/2002, Vol. 341 Issue 31475, p33
Trade Publication
Reports the budget deficit forecast by the Bureau of Revenue Estimates for the fiscal year in Maryland. Attribution of the declined state income tax revenue on the surge of the budget deficit; Figure of the total shortfall of the deficit; Impact of the projected deficit in revenues on the deficit projection for fiscal 2004.


Related Articles

  • Stimulus Provision Could Cost States $5.5B. Schroeder, Peter // Bond Buyer;5/20/2009, Vol. 368 Issue 33118, p4 

    The article reports on the possibility that the District of Columbia could lose tax revenue of up to $5.5 billion through 2011 if it will not take steps to decouple its tax laws from the federal tax code. According to a report, the revenue losses would come simultaneously if most states are...

  • Tax Cheats Snub Spend-Crazy Feds. Evans, Michael K. // Industry Week/IW;Apr2006, Vol. 255 Issue 4, p48 

    Discusses issues related to taxation in the U.S. Total federal income taxes and total compensation earned by employees and individual proprietors in 2005; Result of the study conducted by the U.S. Internal Revenue Service on federal income taxes; Budget deficit of the federal government in 2005.

  • More tax, less spending -- and this is just the start�. Howard, Paul // Optometry Today;12/18/2009, Vol. 49 Issue 24, p18 

    The article reports that British Chancellor Alistair Darling has declared a series of limited tax increases in the light of the British government's growing budget deficit. The additional tax increases include a return to the 17.5% VAT rate effective on January 1, 2010, the increase to 1% rate...

  • Saudi Arabia. Goldsworth, John // Accountancy;Mar1988, Vol. 101 Issue 1135, p54 

    This article reports on the plans of the Saudi Arabian government to introduce income tax for foreign workers as of March 1988. On January 3, 1988 the government announced that foreign workers would face large salary cuts by the introduction of income tax between 5% and 30% on earnings of more...

  • Think tank leader calls for extension of income tax hike. Dunn, Jamey // Illinois Issues;Jun2011, Vol. 37 Issue 6, p10 

    The article reports on the significance of the income tax increase in Illinois. It notes that the government's initiative to raise its revenue has helped sustain several public services and fund social services in the state. It adds that several public leaders believe that the government has...

  • Need But Not Opportunity for Change in California. Finestone, Deborah // Bond Buyer;12/27/2002, Vol. 342 Issue 31541, p1 

    Reports on the reconsideration of California state government on its reliance on income taxes after the state's budget shortfall. Decline in revenue of the state; Plans to revise tax structures in California; Proposals to change distribution system of taxes; Debate between Democrats and...

  • Revisionism in the History of Supply-Side Economics. Dunn, Jr., Robert M.; Cordes, Joseph J. // Challenge (05775132);Jul/Aug94, Vol. 37 Issue 4, p50 

    This article focuses on policy debates concerning supply-side economics and the incentive effects of a reduction in federal income tax rates. Although supply-side economics has largely faded from active discussion among economists, the recent increase in upper-bracket income tax rates and the...

  • An Econometric Evaluation of the Connecticut Income Tax--Impact Relative to the 1991 Predictions. Giannaros, Demetrios // Journal of Business & Economic Studies;Fall2004, Vol. 10 Issue 2, p1 

    In 1991, during a massive economic and budget deficit crisis and after a fierce political and economic debate that lasted almost a year, the Connecticut General Assembly voted for the first time to introduce an income tax system. The debate was so potent that many legislators were even...

  • Alaska GOP Wants to Put More Of Knowle's Debt Plans to Voters. Finestone, Deborah // Bond Buyer;5/1/2002, Vol. 340 Issue 31377, p3 

    Reports on the continuing debate of lawmakers in reinstating a state income tax to raise revenues in Alaska. Comments of Republican Senator Pete Kelly on general obligations (GO) bond proposal; Impact of the GO package on the school budget; Concerns on budget deficit.


Read the Article


Sign out of this library

Other Topics