Md. revenues $238M less than projected

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ANNAPOLIS, Md. (AP) — Maryland lawmakers will be wrestling with a bigger budget problem than they expected, after officials revised the state’s revenues down by about $238 million on Thursday for the current fiscal year and the next.

The revision comes as lawmakers on a Senate budget committee are about to begin making decisions on changes to Gov. Martin O’Malley’s budget proposal for the next fiscal year. Overall, lawmakers are battling a $422 hole in the state’s general fund, when the downward revision is combined with deficiencies in the state general fund and about $10 million less in expected revenue from the state’s casinos.

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