Monday, June 26, 2006

Maryland Among States of Plenty

The Wall Street Journal has a editorial this morning entitled "States of Plenty" [subscription required]. It is all about how, due to the robust economy of the last several years, most state coffers are overflowing with tax revenues. There are recaps of the situations in several states.

Here's what the WSJ has to say about Maryland:

In Maryland, the Democratic legislature seems to believe that proximity to the recession-proof federal government will insulate its economy from even the most hare-brained policies. Over the past three years GOP Governor Robert Ehrlich has had to veto $7.5 billion in tax increases. The one piece of good news is that Mr. Ehrlich and Democratic Comptroller William Donald Schaefer -- both of whom face tough re-election fights this year -- joined to cut property taxes by 15%.