Fiscal Year 2020 Closeout Report

September 11, 2020 | Jordan Lindsay

Franchot: $585 Million Fund Balance Should Go Towards Rescuing Small Businesses

Maryland Comptroller Peter Franchot announced on Wednesday that the state closed its books on Fiscal Year 2020 with a $585.8 million General Fund balance. Franchot is urging policymakers to dedicate the entire fund balance to rescue Maryland’s small businesses amid the COVID-19 health crisis. “These small businesses will simply not survive this economic devastation in the absence […]

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