Politics & Government
Open Thread: Share Your Thoughts on Baltimore's Looming Fiscal Crisis
Share with Patch how you think the city should address the shortfalls predicted in its 10-year fiscal forecast.
Earlier this week Baltimore released its first 10-year fiscal forecast, and its predictions were not good.
According to the outlook, during the next decade the city is facing a combined $745 million operating budget deficit, a $1.1 billion general fund infrastructure deficit and $3 billion in unfunded retiree liabilities between fiscal years 2013 and 2022.
"In the coming days and weeks, starting with the State of the City Address on Monday, I plan to propose a bold set of major reforms to address the fiscal challenges outlined in the 10-year forecast. The reforms will focus on eliminating the deficit, making modern investments, and changing the city’s tax structure to make Baltimore more competitive for growth," Mayor Stephanie Rawlings-Blake said in a Monday news conference, according to her prepared remarks.
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What Are Your Thoughts on Baltimore’s Looming Fiscal Crisis? Share your thoughts and solutions on how to address this issue in the comments section.
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