Business, Health, Politics, Sci-Tech

Governor Hogan: COVID-19 ‘the biggest fiscal challenge we have ever faced’

ANNAPOLIS, MD—Governor Larry Hogan on Tuesday issued the following statement after a meeting of the Board of Revenue Estimates: “The COVID-19 pandemic has caused an unprecedented fiscal crisis for state and local governments nationwide, which according to Moody’s Analytics will face $500 billion in shortfalls over the next two fiscal years, with more than 4 million jobs at stake. “Today’s …


Business, Politics

Comptroller Franchot urges fiscal restraint with release of FY 2019 closeout report

ANNAPOLIS, MD — Comptroller Peter Franchot on Thursday announced that revenues for Fiscal Year 2019 came in $216.6 million above the Board of Revenue Estimates’ projections, bringing the unassigned balance of the State’s General Fund to $351 million, or less than one percent of the total FY 19 operating budget of $44.6 billion. The final closeout numbers reflect stronger-than-expected revenue …