By Barry Rascovar | Maryland Reporter
The new year starts on a positive note for Gov. Martin O’Malley. After years of depressing budget shortfalls and an achingly slow economic recovery, the governor received good news from the Board of Revenue Estimates and the state’s Spending Affordability Committee.
The bottom line: Maryland’s budget picture is brightening just as O’Malley prepares in another week to unveil his final spending plan as governor.
But there are cautionary notes attached to those reports warning of risks ahead, especially the unpredictable gridlock in Congress that could lead to a financial crisis over raising the nation’s debt ceiling. Still, the BRE reports “a rising possibility of stronger, more sustainable growth in 2014 and beyond.”
at Maryland Reporter.
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