Warren Deschenaux

Local News
8:32 am
Thu November 13, 2014

Budget Shortfall in Maryland

Credit Don Rush

ANNAPOLIS, Md. (AP) - Maryland lawmakers will be facing a shortfall of about $593 million under current projections when they work on the budget for the next fiscal year.

Warren Deschenaux, the Legislature's chief budget analyst, gave a briefing to the state's Spending Affordability Committee on Wednesday.

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Local News
8:18 am
Tue January 21, 2014

Balancing the MD State Budget

Governor Martin O'Malley
Credit official photo

ANNAPOLIS, Md. (AP) - A top Maryland budget analyst is encouraging lawmakers to create a greater budget cushion than one included in Gov. Martin O'Malley's budget plan.

Warren Deschenaux said Monday lawmakers should aim to create a fund balance of about $100 million for the next fiscal year. He says the budget submitted by O'Malley last week has about a $30-million cushion.

That's above the state's Rainy Day Fund of about $800 million, but lawmakers and analysts always aim to have that money safely set aside without needing to be tapped.

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