Maryland officially closed out fiscal year 2011 with a $400 million surplus (fund balance), collecting $314 million more in the general fund than expected – but $92 million less than anticipated in corporate income and sales taxes, according to Comptroller Peter Franchot. But the Baltimore Sun is quoting a memo to Gov. Martin O’Malley from his budget secretary that says Maryland finished the fiscal year with $990 million in unspent funds, showing an end-of-year surplus that was about 50% higher than expected.
Day: September 1, 2011
State Roundup, September 1, 2011
Officials blast BG&E for being slow to return power to Baltimore County; Irene cost the state $2 million in revenues from Ocean City; Rolley’s wife billed for paid leave; Rawlings-Blake dinged for accepting contributions from Cordish; early voting starts today in Baltimore; Invest Maryland board sworn in.
Hurricane impacts redistricting hearings
Former Delegate Jim King put on a suit and tie for the redistricting hearings in Annapolis and Columbia Tuesday. But earlier in the day, the lone Republican on the Governor’s Redistricting Advisory Committee was in jeans, throwing out $25,000 worth of food from his two restaurants, Rockfish in Annapolis and Kaufman’s Tavern in Gambrills. Both eateries had been without power for three days after Hurricane Irene came through, and King bemoaned the loss of business and spoiled food at one of the busiest times of the year.
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