Maryland Revenues Will Come In $53M Less Than Projected

ANNAPOLIS, Md. (AP) — The Maryland Board of Revenue Estimates voted Wednesday to reduce the state’s revenue projections for fiscal year 2018 by $53 million — a 0.3 percent decrease from previous estimates.
The board also estimated revenues for fiscal year 2019 would be $17.6 billion, which is a $73.5 million reduction from prior reports.
This year’s reduction is due to weaker-than-anticipated sales tax revenues, resulting from slowing income growth, changing spending habi