By Raquel Guillory, Director of Communications
Yesterday, the Governor unveiled a fiscally responsible budget that continues record cuts while protecting our Triple A bond rating and investing in key priorities like education and job creation.
By using a balanced approach, we’re on the verge of eliminating the $1.7 billion deficit that we inherited in 2007. These graphs show a few of the ways that we’ve been able to cut spending.
(1) Since 2007, we’ve cut state spending by approximately $8.3 billion — including $325 million in cuts this year. We’ve now cut state spending more than any other administration in Maryland history.
(2) Maryland now has fewer executive branch employees on a per capita basis than at any time since 1973:
(3) Together, we’ve been able to restrain general fund budget growth more than any administration dating back to Gov. Marvin Mandel:
At the same time, we’ve been able to do more with less. Even while tightening our belt and making fiscally responsible choices, we have been achieving results:
- Maryland has recovering jobs at the ninth fastest rate of any state in the nation;
- Maryland has the #1 public schools in the country for the fifth year in a row;
- Maryland has done more than any state in the nation in recent years to hold down the cost of college; and
- Maryland has driven down violent crime to the lowest level in more than thirty years.
Tags: balanced approach, budget, business, cuts, FY14 budget, investment, jobs, state spending
