Wednesday, December 24, 2014

Hogan says Maryland needs 'strong medicine' to cure budget woes - Erin Cox, The Baltimore Sun

Republican Gov.-elect Larry Hogan on Thursday painted a grim portrait of the financial house he'll inherit next year, saying Maryland needs "strong medicine" to end an era of outsized spending. Next week, state officials are expected to announce that the shortfall in the budget this year and next is even larger than previously estimated, according to two people with knowledge of the process. That would further deepen the budget hole. University of Maryland, College Park President Wallace Loh told faculty and staff this week that in anticipation of the budget shortfall, the school has imposed a campus-wide hiring freeze. http://www.baltimoresun.com/news/maryland/bs-md-hogan-fiscal-crisis-20141211-story.html

No comments:

Post a Comment