Tag: federal stimulus

$1.6 billion budget gap predicted

With a slow economic recovery, increases in retirement costs and the end of federal stimulus funds, Maryland is facing a $1.6 billion budget gap and a $2.1 billion structural gap for fiscal year 2012, analysts from the Department of Legislative Services told a joint General Assembly hearing on Wednesday.

Warren Deschenaux, director of policy analysis for the DLS, said that the $2.1 billion gap is not guaranteed: It could get smaller depending on factors such as the new revenue projections due next month or revenue growth rates, which are exceeding expectations in the first four months of fiscal 2011.

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Report: State should spend faster on efficiency

The state has been too slow in spending federal stimulus dollars put aside for weatherization, potentially hindering plans to make thousands of homes more energy efficient, according to a liberal-leaning state watchdog group.

But officials say they’ve been slowed by the strict guidelines of the American Recovery and Reinvestment Act. They believe the state is still on course to meet its goal of weatherizing 6,800 homes within three years.

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UMd medical school gets $5 million in stimulus funds for rural research

The University of Maryland School of Medicine announced Monday that it is getting nearly $5 million in federal stimulus money to increase the reach of its medical research into rural and minority communities.

The money will also be used to institute a program in Western Maryland and Southern Maryland that will look into the effectiveness of remote monitoring for patients with chronic conditions. An announcement is was held in Charles County.

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