Md. Revenues $238M Less Than Projected - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Md. Revenues $238M Less Than Projected

Posted: Updated:

By BRIAN WITTE
Associated Press

ANNAPOLIS, Md. (AP) - Maryland officials have revised the state's revenues down by about $238 million.

The Maryland Board of Revenue Estimates released the revised numbers on Thursday.

Revenue projections are down $127 million for the current fiscal year. They have been revised downward by about $111 million for fiscal year 2015.

Comptroller Peter Franchot, the board chairman, says much of downward revision reflects poor economic and revenue performance in the fourth quarter of 2013, rather than the state's revenue outlook moving forward.

The board revised sales and use tax receipts down by nearly $48 million.

A top state budget analyst has scheduled a 4 p.m. briefing with a Senate budget committee Thursday to talk about the revision.

  • Most Popular StoriesMost Popular StoriesMore>>

  • Dorchester County Woman Still Missing

    Dorchester County Woman Still Missing

    Jun 24, 2018 11:00 PM2018-06-25 03:00:00 GMT
    Monday, June 25 2018 9:07 AM EDT2018-06-25 13:07:39 GMT
    The Dorchester County Sheriff's Office is looking for a 73-year-old woman who has been missing for days.More
    The Dorchester County Sheriff's Office is looking for a 73-year-old woman who has been missing for days. More
  • Speed Boat Racing in Ocean City

    Speed Boat Racing in Ocean City

    Jun 24, 2018 9:48 PM2018-06-25 01:48:00 GMT
    Monday, June 25 2018 7:50 AM EDT2018-06-25 11:50:59 GMT
    (Photo: WBOC)(Photo: WBOC)
    (Photo: WBOC)(Photo: WBOC)
    Race boats made their way to Ocean City, Maryland for a speeding competition.More
    Race boats made their way to Ocean City, Maryland this weekend for the Offshore Powerboat Racing Association Ocean City Grand Prix.More
  • Updated: DSP ID Burglary Suspect Killed in Crash With Trooper

    Update: DSP Investigates Deadly Crash Involving Bicyclist and Trooper

    Jun 24, 2018 2:58 PM2018-06-24 18:58:00 GMT
    Monday, June 25 2018 12:57 PM EDT2018-06-25 16:57:41 GMT
    Delaware State Police have released the name of
    a burglary suspect killed after the bicycle he was riding collided with a trooper's patrol car in Milton early Saturday afternoon.
    More
    Delaware State Police have released the name of
    a burglary suspect killed after the bicycle he was riding collided with a trooper's patrol car in Milton early Saturday afternoon.
    More
Powered by Frankly

All content © Copyright 2000 - 2018 WBOC. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices