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Robert L. Ehrlich Jr.
Missing expectations
Missing expectations

Leading Maryland Democrats made several observations about Monday's write-down of anticipated tax revenues for this fiscal year and next that merit some parsing. Comptroller Peter Franchot opined that "we're experiencing the downside risk of an economic model that's predicated on federal spending, rather than a robust private sector." Treasurer Nancy K. Kopp struck a somewhat more optimistic tone, noting that even the reduced estimates represent growth over last year. "It's a heck of a lot better than it was only a few years ago," she said. And Sen. Roger Manno, who is due to become chairman of the Spending Affordability Committee, said "it...

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