Friday, August 24, 2007

 

Governor O'Malley helpfully hints where Maryland Republicans are specifics-deficient

Classic Baltimore Sun, discussing the (Maryland) House Republican Caucus plan to handle the legislatively-mandated $1.5 billion shortfall:

“But as with most anything of consequence, the devil is in the details, and the GOP plan is short on specifics.” Budget rebuttal -- baltimoresun.com

Of course, with the Sun there is "short on specifics" and then there is Martin O’Malley:

“Gov. Martin O'Malley has only hinted at what his tax package will include. It would be nice to know more. But at least he acknowledges the reality of the state's woeful fiscal situation.”

A poor man’s NY Times…

Idle question: If the state had allowed slots, say, three years ago – would the revenue going to the state bank account over those three years have been in excess of $1.5 Billion? I’m just asking.

Comments:
Budget shortfalls are always a convenient way for governments to justify raising taxes. (If we don't raise taxes, we'll have to close all the fire departments ...)

I suspect that if we looked at budget projections and actual budget figures over a number of years, we'd see that the projections are not all that accurate. It's just a suspicion.

I really have to go to the late 90's and see year by year what was projected in terms of revenues and expenditures and what was actually paid and spent. Here's a start.
 
excellent resource, SD - thanks
 
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