(Annapolis, MD) WNAV – Comptroller Peter Franchot wants to give state residents financial relief now from a projected historic budget surplus. The state is in an unprecedented financial position. Officials say the state has about $7.5 billion dollars in excess revenue over a two-year span.
His comments came during the Board of Revenue Estimates meeting today. Franchot says the state should help residents and small businesses weather challenging and uncertain economic times.
The Comptroller renewed his call today for lawmakers to pass $2,000 emergency stimulus checks for low-wage earners and Earned Income Tax Credit recipients, as well as dedicate $500 million in aid for small businesses and $500 million for childcare providers.