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Roger Manno

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  • Missing expectations

    Missing expectations
    Leading Maryland Democrats made several observations about Monday's write-down of anticipated tax revenues for this fiscal year and next that merit some parsing. Comptroller Peter Franchot opined that "we're experiencing the downside risk of an economic model that's predicated on federal spending, rather than a robust private sector." Treasurer Nancy K. Kopp struck a somewhat more optimistic tone, noting that even the reduced estimates represent growth over last year. "It's a heck of a lot better than it was only a few years ago," she said. And Sen. Roger Manno, who is due to become chairman of the Spending Affordability Committee, said "it could be a whole lot worse" and pointed to Virginia, which is grappling with a $2.4 billion budget shortfall this year and next.
  • Maryland's budget shortfall grows to $1.2 billion

    Maryland's budget shortfall grows to $1.2 billion
    Maryland's budget hole has deepened. The financial problem Maryland's incoming governor already described as "a crisis" worsened Monday, as officials announced the state's budget shortfall is even larger than previously thought. Over the next 18...

    Senate to take up budget, taxes, pensions today

    The Maryland Senate launches what is expected to be at least a three-day marathon today as it takes up the state budget for next year -- including its response to Gov. Martin O'Malley's call for an increase in income taxes. Senators will begin debating...

    Maryland Senate votes to tax the rich

    The state Senate voted Thursday to significantly raise taxes on Marylanders earning half a million dollars or more — prompting complaints that liberals were bent on launching class warfare in the state. The Senate's vote to adopt what is being...

    O'Malley says he won't call session until leaders have a deal

    O'Malley says he won't call session until leaders have a deal
    Gov. Martin O'Malley says he won't call a special session of the General Assembly to fix what he and many other Democrats see as a devastating hole in the state budget until legislative leaders agree on a plan to fix it. Raquel Guillory, the governor's...