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Fiscal Responsibility

These graphs show a few of the ways that Maryland has been able to cut spending.

By Raquel Guillory, Director of Communications

Yesterday, the Governor unveiled a fiscally responsible budget that continues record cuts while protecting our Triple A bond rating and investing in key priorities like education and job creation.

By using a balanced approach, we’re on the verge of eliminating the $1.7 billion deficit that we inherited in 2007. These graphs show a few of the ways that we’ve been able to cut spending.

At the same time, we’ve been able to do more with less. Even while tightening our belt and making fiscally responsible choices, we have been achieving results:

  • Maryland has recovering jobs at the ninth fastest rate of any state in the nation; 
  • Maryland has the #1 public schools in the country for the fifth year in a row;
  • Maryland has done more than any state in the nation in recent years to hold down the cost of college; and 
  • Maryland has driven down violent crime to the lowest level in more than thirty years.

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jag March 07, 2013 at 09:04 PM
Indeed. I don't have the time to read your source material, but you're right that unfunded pensions are a concern for most every state. Thankfully, MD is in much better shape than just about everyone, but it's still a cost to worry about, especially now that the budget's been balanced/the state and country are in pretty good shape (assuming Congress isn't in the middle of launching us into another recession, which is a pretty big assumption).
jag March 07, 2013 at 09:15 PM
Maybe you're not understanding the situation and process? Governments are complex things - they must look multiple years out for both spending and revenue projections. Say you have a mortgage payment for the next 25 years, a car payment for the next 5, tuition payments for the next 4...and a few million other projected costs. Say you refinance and cut your mortgage cost for next year by $5,000 and get rid of your car to save 2,500 in car payments next year. That's cutting 7,500 from your estimated costs. Just because your other costs next year still add up to more than you're spending this year doesn't mean your expenses wouldn't have been higher if not for you making cuts. Get it? It's called relativity - you're complaining that 2013 spending wasn't cut relative to 2012 spending. No one is suggesting or claiming that that's the case - even the graph in the article shows general fund spending has grown 2% - what's being rightly claimed is that spending for, e.g., 2013 is below what it was previously projected to be thanks to cuts made over the last few years.
FIFA March 07, 2013 at 09:31 PM
Any links or just numbers here?
Sanchez March 07, 2013 at 09:46 PM
If the budget in 2013 is more than 2012 which is more than 2011 which is more than 2010 then there has not been one dollar of spending cut. It is a very simple concept. It is 2nd grade math which apparently few have grasped. It is a FLAT OUT LIE to say Maryland's budget has been cut. Anyone who believes it is free to do so and I am free to call them failed in basic math.
jag March 08, 2013 at 04:31 PM
Apologies for bothering to explain it to you.


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