Maryland officials said Jan. 22 that the state, already scheduled to undergo $1.1 billion in cuts over the next six years, will lose an additional $1 billion due to decreasing revenues.
The Maryland Department of Transportation relayed the news in the final version of its 2009-2014 capital spending plan. The cuts are even more severe than those projected in a draft last fall.
State officials now predict a $350 million-per-year drop in money going to the Transportation Trust Fund—a decline of $235million per year on top of the $115 million forecast in September.