New Math at the Spending Affordability Committee

Each December, the Spending Affordability Committee makes a recommendation to the governor and to the Legislative Policy Committee regarding the budget for the upcoming fiscal year. In setting the fiscal framework for the budget, the Committee defines what would be an “affordable” level of spending, in relation to anticipated revenues and the overall state economy.

As the Committee defines its mission, “The Committee’s primary responsibility is to recommend to the Governor and General Assembly a level of spending for the State operating budget that is reflective of the current and prospective condition of the State economy.”

In December, the state Board of Revenue Estimates issued a further revision to their projection of state revenues for the upcoming fiscal year. At this point, they expect the state to run a total deficit of $1.9 billion.

Given that wonderful news, here’s a quiz:

On Wednesday, the Spending Affordability Committee came out with their recommendation for state spending for that fiscal year. Did they recommend:
a) spending less money than the current year?
b) spending the same amount than the current year?
c) spending more money than the current year?

Sorry, no prizes for the winning answers. It’s just too damned easy.

Explore posts in the same categories: Budget and Taxes, Maryland

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