January
17th 2009
The New Line has obtained a report just issued by the Department of Legislative Services that analyzes and projects the impact of the national recession on Maryland. It’s not a pretty picture. Among the low-lights:
– Employment will fall 2% in Maryland in 2009 and grow by a meager 0.1% in 2010.
– At current revenue levels, the budget deficit will persist through at least Fiscal Year 2012.
– The dramatic decline in vehicle sales and lower vehicle miles traveled will vastly reduce the capital available for transportation projects.
You can read the whole report below:
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