Finance chair says he is uncertain of the prospects for a key component of changes in jobless aid.
Day: January 27, 2010
Where did $50 million go? Auditors find loose ends from last year’s budget
Maryland government agencies will have to reconcile more than $50 million that was misplaced, forgotten or unaccounted for in fiscal 2009, according to an audit released this week.
The Office of Legislative Audits looked at the closeout of the fiscal year, and found that several agencies miscalculated their assets or debts at the end of last June.
The explanations range from federal cash that never got claimed to money that was counted twice. Officials said the damage would likely be spread around the responsible state agencies, or rolled over to next year.
Lottery sales dip as ad budget dries up
Maryland State Lottery revenues have continued to grow despite major cutbacks to the agency’s advertising budget, but officials warned lawmakers Tuesday that the good times won’t last.
Gina Smith, the interim lottery director, said at a Senate budget hearing that she has seen a decline in lottery sales in recent weeks, a phenomenon she says is tied to this year’s $8 million drop in marketing cash.
“We’ve now reached the point where we’re running out of money and our spending is going to be much less throughout the rest of the fiscal year,” Smith said.
State Roundup, January 27, 2010
Lawmakers react to Supreme Court campaign finance ruling, sex offender board finally activated, and businesses slam unemployment plan.
Podcast: Lawmakers challenge elections ruling
Maryland lawmakers are planning legislation to push back against a Supreme Court ruling that threw out limits on corporate campaign spending. Natalie Neumann describes the bills.
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