The Maryland Public Policy Institute
MPPI IN THE NEWS
MARCH 31, 2010
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Maryland is running a $2 billion deficit and filling budget holes with one-time fixes. One bill, the state's $65 billion pension and retiree benefits liability for state and local employees, can't be paid by transferring funds and could cause serious damage to the state's ability to fulfill core services in coming years.As the February Pew Center on the States report, "The Trillion Dollar Gap: Underfunded State Retirement Systems and the Roads to Reform," said: "Maryland's management of its long-term pension liability is a cause for serious concern."
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