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The $431 million payoff [Editorial]
The $431 million payoff [Editorial]

The number of jobs in Maryland decreased by 9,800 in January. The statewide unemployment rate remains high at around 6 percent (compared to 3.6 percent at the start of 2008), and projected state tax revenues have recently been adjusted downward by $238 million. Balancing next year's budget has required some "creative" accounting in Annapolis, including dipping into money that was supposed to be set aside for state pensions. Under those circumstances, a tax break might even be in order, but surely lawmakers would want it focused on creating new jobs, particularly for communities like Baltimore or the lower Eastern Shore where the unemployment rates still hover near the...

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