State needs to slash millions to offset revenue shortfall

Hundreds of millions of cuts in state spending this year will need to be made as Maryland revenues are expected to be $432 million lower than originally forecast.

“These revisions to revenue estimates are not unexpected,” said Budget Secretary Eloise Foster at Tuesday’s meeting of the board that forecasts how much money the state will have to spend. “The governor and I are already meeting with state agencies” to make further reductions, which will be proposed to the Board of Public Works.