Maryland lawmakers were warned Tuesday of an impending $2.7 billion deficit they’ll need to resolve for the next budget year — a significant hole that all but guarantees another debate in Annapolis over whether they should make deep budget cuts or raise taxes.

Maryland is facing a $2.7 billion budget deficit, and experts said the historic gap can't be fixed by shuffling money around. The dire report has fueled concerns that cuts in services and tax increases may be on the table.