City of Baltimore - File #: 09-0163R

• File #: 09-0163R
• Version: 0
• Name: Informational Hearing - The State of the Baltimore City Budget
• Type: City Council Resolution
• Status: Withdrawn
• File created: 10/5/2009
• In control: City Council
• Final action: 1/24/2011
• Title: Informational Hearing - The State of the Baltimore City Budget FOR the purpose of requesting the Director of Finance and the Chief of the Bureau of Budget and Management Research to report to the City Council on the current state of Baltimore City’s budget, the state of the City’s finances at the close of Fiscal 2009, the fiscal forecast for the first quarter of Fiscal 2010; and the projected impact of State and local budget shortfalls on the fiscal health of the City, the employment security of City personnel, and the delivery of services to Baltimore City residents.
• Sponsors: Stephanie President Rawlings-Blake, President Young, Mary Pat Clarke, Sharon Green Middleton, Nicholas C. D'Adamo, Warren Branch, Helen L. Holton, Rochelle Spector, Agnes Welch, Belinda Conaway, James B. Kraft, William H. Cole, IV, Bill Henry
• Indexes: Budget, Resolution

Date	Ver.	Action By	Action	Result
1/24/2011	0	City Council	Withdrawn
11/16/2009	0	Budget and Appropriations Committee	Scheduled for a Public Hearing
10/8/2009	0	The City Council	Referred for a Report
10/5/2009	0	City Council	Introduced
10/5/2009	0	City Council	Assigned

* WARNING: THIS IS AN UNOFFICIAL, INTRODUCTORY COPY OF THE BILL.
THE OFFICIAL COPY CONSIDERED BY THE CITY COUNCIL IS THE FIRST READER COPY.
INTRODUCTORY*

CITY OF BALTIMORE
COUNCIL BILL R
(Resolution)

Introduced by: President Rawlings-Blake, Councilmember Young


A RESOLUTION ENTITLED

A COUNCIL RESOLUTION concerning
title
Informational Hearing - The State of the Baltimore City Budget

FOR the purpose of requesting the Director of Finance and the Chief of the Bureau of Budget and Management Research to report to the City Council on the current state of Baltimore City’s budget, the state of the City’s finances at the close of Fiscal 2009, the fiscal forecast for the first quarter of Fiscal 2010; and the projected impact of State and local budget shortfalls on the fiscal health of the City, the employment security of City personnel, and the delivery of services to Baltimore City residents.
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Recitals

In mid September 2009, the State Board of Revenue Estimates reported that Maryland faces a projected budget shortfall of nearly $2 billion next year. The shortfall, much more than had been anticipated, became clear when updated projections showed a $920 million drop from previous revenue estimates, on top of the expected shortfall of more than $1 billion. State officials now predict that Maryland’s economy will not begin to rebound until 6 months later than originally predicted – the middle of next year.

The latest report exacerbates an already tough fiscal climate. State aid to Baltimore will be reduced by $35 million. This $35 million reduction, coupled with an additional $25 million shortfall in local rev...