And didn't we read a story here just this week about how the state government in Annapolis was looking for tax hikes to close a huge budget deficit?
“A substantial portion of the population in the whole region known as Northern Virginia is made up of productive citizens who have fled Maryland over the last couple of decades.”
I know just as many folks who have moved from Virginia to Maryland as vice versa.
In the meanwhile, the state continues with exceptionally low unemployment (3.6% as of May 2007), continued job growth, and has seen less impact from the real estate decline than Northern Virginia. In fact, the worst-hit jurisdiction in the region from the real estate decline is Loudoun County in Virginia.
“And didn’t we read a story here just this week about how the state government in Annapolis was looking for tax hikes to close a huge budget deficit?”
LOL.
Don’t confuse a liberal Democrat’s lust for new taxes with an actual budget crisis. The scary “huge budget deficit” was exaggerated to $1.5 billion out of a budget of over $30 billion. But, if our budget growth had been held to the rate of inflation, we’d be in surplus.
While it would be accurate to say that Maryland would be an economic basket case if it weren’t for the huge size and girth of the federal government, the fact is, the federal government is huge, and thus Maryland’s economy percolates along very nicely.
The biggest problem that we have in Maryland is that local jurisdictions are not permitting sufficient growth in housing stock to keep up with all the new jobs.
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