Marylanders and Virginians alike should be afraid to bring home this report card: Both states made Business Week’s list of “States with the Worst Budget Shortfalls: Twenty States that Can’t Pay for Themselves.”
Maryland, with a $1.1 billion deficit, equal to about 7.2 percent of its total budget, is ranked the 10th worst state budget shortfall in the country. Virginia and it’s $1.2 billion gap, about 7.1 percent of its total budget, is right behind at 11th.
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