Reply to Maryland: "Five-year state budget projection foresees ‘enormous gap’ not seen in two decades"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I don’t think this is as dire as the report headline makes it sound. A lot has to do with the “blueprint” education funding ending, which probably has to do with Covid budgets freeing up some state money, and included some appropriate surges that can wind down. It’s also hard to predict growth or things like Medicare that far out. Clearly Maryland faces tough decisions, like everywhere else, but the sky is not falling. [/quote]

Did you even read the article?  MD is projected to be able to only meet 84% of its financial obligations. By 2030. To put that in perspective, MD was able to meet 87% of its financial obligations during the huge 2008 economic recession. MD is on track to be in worse financial shape than the 2008 financial crisis. It IS bad. [/quote]

I did read it! No one is suggesting they’re going to just go with that. They’re going to have to make changes. Those projections will also be wrong, in one direction or the other, because of bigger economic forces. And there are good explanations (like the blueprint) for why there’s a bit of a cliff ahead. It’s not a disaster. [/quote]

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