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Maryland faces a $280 million revenue drop, considering tax hikes amid federal job cuts.
Maryland faces a $280 million revenue decline over the next two fiscal years due to federal job cuts and funding reductions, worsening an existing $3 billion deficit.
The state is considering raising taxes on businesses and high earners to balance the budget, while Republicans argue for spending cuts and private sector growth instead.
The average federal job salary in Maryland is more than $126,000, much higher than the private sector's $73,000, impacting the state's tax revenue significantly.
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Maryland se enfrenta a una caída de ingresos de 280 millones de dólares, considerando aumentos de impuestos en medio de recortes de empleo federales.