Even The Poorest Can Be A Thriving Market That Will Skyrocket By 3% In 5 Years” on Sunday, October 17, 2016. A small group of conservatives in Baltimore County have said that the state budget shortfall will be going up for years and this fact will have a chilling effects on a city that desperately needs new ways to accommodate residents. But for now, Baltimore residents have been wondering if it is possible for Baltimore to become what Michael Ignatieff dubbed “the second most affluent city in the country” but they’re not done yet. The Daily Report cited two prominent Baltimore mayors, Freddie Gray and Jose Antonio Vargas, who said last Friday that the city must do something about the $500 million deficit. The third woman mayor, Wanda Sykes, said on Tuesday that Baltimore and the state are “not making a lot of changes in our approach as with other wealthy Baltimore cities” despite rising unemployment, gentrification and blight.
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Earlier this year, Sen. Elizabeth Warren set the Washington, DC, cap per capita at $25,000 per year, but then ran up a $1.3 million tab to click resources and fire departments, according to her representative, Dr. Alan Vangard, a political science professor at Brooklyn College who cited two recent polls. So it’s understandable that the future looks grim for Baltimore despite these trends.
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Robert Heine, Baltimore deputy mayor, said at an event at North Y Street station Friday that the current budget gap has been widened by $550 million in 2015 and more than $580 million in 2016. But Heine stated that the imbalance could run into the neighborhood’s $1 million budget deficit even with significant reforms being made, especially the local police funding system. “If we’re able to see how our funding system is functioning, we can make room for something that’s necessary to address this need,” he said.