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Franchot: New taxes shouldn't be considered until revenue estimates are completePublished 09/27/07
State Comptroller Peter Franchot criticized government leaders this week by saying it would be "reckless" to add $2 billion of tax burdens in a special session before December revenue estimates can show whether the economy is tanking.
The volatility of the local, state and world economies - and the lack of analysis in the budget plans put forward so far by Gov. Martin O'Malley - have Mr. Franchot concerned the administration is not fully considering the effects of new taxes.
The governor's piecemeal rollout of the different tax options to address a projected $1.7 billion deficit next year has made it difficult to see how all...
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