Maryland’s economic outlook remained relatively unchanged over the last six months, but the state remains at an elevated risk of a recession, according to revenue projections released Thursday.
Comptroller Brooke Lierman, though, said during a Board of Revenue Estimates meeting that Maryland’s economy remains stable and that she’s “cautiously optimistic” the state will continue to see modest economic growth and avoid a recession.
The Board of Revenue Estimates forecasts revenues for Maryland’s general fund, comprising roughly 40% of the state’s total revenue.
Another 40% of revenues come from federal funds, and a combination of revenues from transportation, higher education and other special funds makes up the remaining 20%.
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