Maryland’s economic hits just keep on coming
I hate to sound like a broken record, but Maryland's finances are bad ... and getting worse by the minute.
This summer saw Gov. Martin O'Malley announce budget cuts of $280 million and $454 million.
Autumn is off to a rockin' start, too. O'Malley is saying he might have to propose another $300 million in cuts to help offset an estimated $683 million shortfall in state revenue.
The scary thing is this: It could have been even worse. Some experts are saying that, without federal economic recovery funds, the budget situation in many states could be much, much worse.
But that doesn't change the fact that Maryland is hurting ... and that fact should create a very interesting General Assembly session come January.
Gear up, CPAs. You can do so by learning as much as possible at the following events:
- MACPA professional issues updates / town hall meetings
- Advanced Tax Institute, Nov. 2-6
- CPA Day in Annapolis, Jan. 20
Remember -- our lawmakers are going to need guidance as they try to fix the state's finances. CPAs can provide that guidance. Get involved now.