Statement on Latest Maryland Revenue Projections
Maryland Center on Economic Policy Executive Director Benjamin Orr issued the following statement about the Board of Revenue Estimates updated revenue projections:
“The revenue projections released today reinforce the need to do more in Maryland to ensure that the benefits of economic growth are widely shared. The newly released numbers reflect a significant growth in corporate profits but much more modest growth in incomes for the average worker.
“Unless the state makes investments in things that will grow our economy – like improving our schools, roads, and transit networks – continuing to expect state revenues to grow 3 or 4 percent a year may be too optimistic. Further, policies like expanding the Earned Income Tax Credit, ensuring access to paid sick days, and increasing the minimum wage will help hard-working Marylanders make ends meet and put more money in their pockets to spend at local businesses, boosting the economy.”
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About Maryland Center on Economic Policy
The Maryland Center on Economic Policy advances innovative policy ideas to foster broad prosperity and help our state be the standard-bearer for responsible public policy. We engage in research, analysis, strategic communications, public education, and grassroots alliances promoting robust debate and greater public awareness of the policy choices Maryland residents face together.
