2-Week Federal Shutdown Could Cost Md. Millions

ANNAPOLIS, Md. (AP) — Maryland’s governor’s office says a two-week federal government shutdown could cost the state millions in reduced income tax revenue and reduced spending on taxable goods.

In addition, Gov. Martin O’Malley’s office said Thursday, there could be more revenue losses from the furloughing of federal contractors working in the state.

Income tax revenues could be reduced by $40 million; spending on taxable goods could drop by more than $160 million.

The hits would come when Maryland is struggling in its economic recovery.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

Comments

One Comment

  1. MR KOTTER says:

    o’mally better get another job

  2. Doug says:

    Oh, I see.
    So we the tax payers will save more if we give you more money.
    How insulting.
    Listen .
    SHRINK GOVERNMENT !!!
    All we need is our highways and roads paved.
    We’ve become indentured servants to the state.
    Government jobs should be few and far between.
    You can shut down ,disband and leave the state and take the lazy bloated over payed and over bennied workers with you,O’Malley.
    And sell your voodoo math to the mindless.

  3. pigeon says:

    IF this occurs, I don’t see Obama being in the White House much longer; back to Kenya with his grandmother.
    As for O’Malley what goes around comes around.
    As for government representatives – time to flush to commode!

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