State Revenues: Looking Beyond the Headline

On the latest episode of the Conduit Street Podcast, Kevin Kinnally and Michael Sanderson breakdown the latest state revenue projections, examine the role of federal stimulus funds in avoiding a catastrophic economic collapse, and explain why Maryland's better-than-expected fiscal picture may ultimately be at the mercy of Washington D.C. politics.As previously reported on Conduit Street, Maryland's top fiscal leaders last week said that state revenues may weather the swift and unprecedented shock of the COVID-19 pandemic -- and shutdown measures to contain it -- better than expected. But, the Board of Revenue Estimates -- a three-member panel which includes Comptroller Peter Franchot, State Treasurer Nancy Kopp, and Secretary of Budget and Management David Brinkley -- warned that the ongoing uncertainty of the pandemic will continue to make a swift and sustainable economic recovery challenging, more so if a second federal stimulus package isn’t approved.MACo has made the podcast available through all major platforms by searching Conduit Street Podcast. You can also listen on our Conduit Street blog with a recap and link to the podcast.You can listen to previous episodes of the Conduit Street Podcast on our website.Useful LinksPrevious Conduit Street Coverage: Board of Revenue Estimates to Vote on Revised FY 21 Projections, New FY 22 ForecastPrevious Conduit Street Coverage: State Revenues Exceed Expectations, But Economic Uncertainty LoomsConduit Street Podcast: Watching Washington… StillPrevious Conduit Street Coverage: COVID-19 Relief, Spending Deadline Loom Large as Congress Returns to D.C.