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Md.’s chronic structural deficits recur in 2 years

Democratic legislators proudly proclaimed on Monday they had cured Maryland’s structural deficits with a big surplus this year, but it turns out it is only a temporary respite from a chronic budget disease.

On Friday, the legislature’s top nonpartisan staffer told legislative leaders in a letter that structural deficits are forecast to recur again in two years, growing from $37 million in fiscal 2018 to $465 million in fiscal 2021.

“While it cannot be said that the structural deficit is no longer a concern, our most recent forecast suggests that it can be addressed without extraordinary measures through prudent budget management over the next few years,” said Warren Deschenaux, executive director of the Department of Legislative Services.

Read full article from Maryland Reporter

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