Part 3/5:
In Annapolis, analysts warn that the state's budget shortfall is both alarming and unprecedented in its severity. The reasons for this fiscal strain are being closely examined, leading to calls for systemic changes within the state government. Senator Justin Reilly aptly commented that "government needs to be on a diet," urging a re-evaluation of spending priorities to promote economic growth.
Maryland's current tax landscape is particularly burdensome. The state has one of the highest gas taxes in the region and a corporate tax rate that is significantly higher than those of its neighboring states. Virginia and West Virginia, by comparison, have some of the lowest corporate taxes and are presently deficit-free.