MARYLAND BOARD LOWERS REVENUE PROJECTIONS

The Maryland Board of Revenue Estimates is lowering revenue projections for this fiscal year and next by one-percent, or more than 470-million dollars.  The revisions are due to lower personal income tax and sales and use tax forecasts.  State Comptroller Brooke Lierman says the revenue forecasts should not be considered alarming.  Rather, she says the lower projections should be viewed a “flashing yellow light” that Maryland’s economy is feeling the lingering effects of national inflation.