Maryland’s Board of Revenue Estimates has revised state revenue projections downward by about $80 million for the current fiscal year and $50 million for the next one.
The Maryland Lottery says the state’s two casinos have generated $15 million in revenue in February.
Gov. Martin O’Malley’s proposal to phase in a 6 percent sales tax on gasoline includes money for local road repairs, rules to make it harder to shift transportation dollars to other purposes and a mechanism to delay implementing the tax if gas prices spike.
The Maryland Lottery says the state’s two casinos have generated nearly $13 million in revenue in January.
Montgomery County is getting ready to implement a 5-cent bag tax modeled after the one that took effect in the nation’s capital in January 2010.
The Maryland Transit Administration says a fare hike is needed to meet state revenue goals without cutting services.
The Frederick County Commissioners are considering asking the Maryland General Assembly to allow slot machines operated by local nonprofit clubs.
Comptroller Peter Franchot says Maryland is on track to bring in $195 million more in general fund revenues this year than expected.
Maryland estimates the state raised roughly $6 million in added revenue in July from a 50 percent increase in the state’s sales tax on alcohol.
Tourism officials say preliminary data show the Baltimore Grand Prix fueled a 44 percent boost in revenue at a sampling of area hotels.
Comptroller Peter Franchot’s office estimates Maryland lost more than $2 million in revenue due to business lost in Ocean City because of Hurricane Irene last weekend.
The projected budget shortfall is between $10 million and $24 million in the 2013 fiscal year.