City schools in crisis. Amid a massive $108 million budget gap, the school CEO announces 100 layoffs by the end of June. It’s all in an effort to tighten the school system’s purse strings.
The Maryland Senate advanced the state’s $39 billion budget on Wednesday, finding a quick solution to fill a drop in projected revenues by using money in a long-term plan to strengthen the state’s pension system.
Baltimore will lose hundreds of millions of dollars if changes aren’t made to how the city raises and spends money. New analysis paints a dire picture of the city’s bottom line.
We have had some beautiful days this month, but the lack of rain is really adding up once again. That’s why Tuesday’s rain was beneficial in some cases. At the airport, we officially received .60″ worth of rain which cut our yearly rainfall deficit to -5.84″.
After months of failing to find a way to gain ground in the presidential campaign, Mitt Romney has hit the reset button by picking Paul Ryan as his running mate, but once the dust has settled and the Conventions are over, it is hard to see how Romney will have changed the direction of the 2012 presidential campaign.
As millions of baby boomers flood Social Security with applications for benefits, the program’s $2.7 trillion surplus is starting to look small.
The soaking rain that fell Sunday night into Tuesday morning dropped a very needed 1-2″ for a corridor west of I-95, while we only got .52″ officially at BWI-Airport. That’s important because that’s where the records are kept. So this did help our rainfall deficit, but we are still over 5″ down for the year.
Putting Baltimore on a budget. Mayor Stephanie Rawlings-Blake reveals a spending plan for the city that is already causing controversy.
Senate President Thomas V. Mike Miller is warning lawmakers this will be one of the most contentious sessions ever in terms of dealing with the budget.
The projected budget shortfall is between $10 million and $24 million in the 2013 fiscal year.
Many questions remain after the historic debt deal was reached this week, including what should be cut next to reduce the massive deficit. WJZ gathered experts here in our studio to sound off on the tough decisions facing Congress.
President Barack Obama and Congressional leaders will be back at the negotiating table Tuesday afternoon. A 90 minute meeting Monday failed to bridge the gap on an agreement to cut the federal deficit and raise the debt limit.