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Pension and Welfare
Hogan's fiscal realities
Hogan's fiscal realities

When Republican Larry Hogan was elected governor this month, his platform was narrow and clear: Roll back as many of the tax increases of the last eight years as possible. When he made that promise, he knew he faced a $405 million shortfall in this year's budget and next year's as soon as he walked in the door. Now, though, things look worse — the Department of Legislative Services revealed last week that Maryland's expected shortfall is actually about $900 million over that time frame. So much for Mr. Hogan's promises, right? Wrong. The governor-elect's rhetoric about "40 straight tax increases" from the O'Malley administration may have...

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