Gazette.Net: Prince George's expecting $126 million deficit

Prince George’s County expects a deficit of $126 million in the coming fiscal year, which officials hope to address without layoffs or furloughs, according to a county budget official.

The county is projecting $2.71 billion in expenditures for fiscal 2013 but only $2.58 billion in revenues, according a report provided by County Executive Rushern L. Baker’s staff.

The report shows a 2.7 percent decrease in revenue from the current fiscal year and a 1.7 percent increase in expenditures. The fiscal 2012 budget was $2.65 billion.