Spending Affordability, Volatile Revenues, & a Touch of Kirwan

On the latest episode of the Conduit Street Podcast, Michael Sanderson and Kevin Kinnally examine Maryland's short-term and long-term fiscal outlook. In the short-term, legislators are mulling an FY 2020 budget that includes a $168 million cash balance and a $2 million structural balance. But will the good times last? Plus, a recent article by Len Lazarick from the Maryland Reporter details the possible fiscal impact of the [Kirwan] Commission on Innovation and Excellence in Education's recommendation to increase teacher pay by 10% and reduce actual classroom teaching time from 80% of the current school day to 60%. We'll discuss.