By Len Lazarick Len@MarylandReporter.com The governor Maryland voters elect next year should get a $5,000 pay raise in 2013 and 2014, bringing the salary up to $160,000, the Governor’s Salary Commission unanimously recommended Tuesday night. The seven-member...
Day: December 16, 2010
State Roundup, December 16, 2010
STATE BUDGET: Gov. Martin O'Malley said that the state budget he proposes next month would be "more painful" than the last two, and hinted at deep cuts in spending, Annie Linskey reports for the Sun. CUTS LIKELY: And four state delegates from Howard County said they...
Franchot protests state taking on $33 million in debt for State Center garage
The $33 million state debt burden for the State Center parking garage, as well as the absence of a formal agreement on labor costs or local hiring, led Comptroller Peter Franchot to vote against approving the parking garage lease agreement at Wednesday’s Board of Public Works meeting.
The lease agreement was ultimately approved, with the board’s other two members Gov. Martin O’Malley and Treasurer Nancy Kopp voting for it.
Revenues stay steady, but painful budget cuts are on the way
The final revenue prediction for the fiscal 2012 budget left the numbers largely unchanged. That’s a good thing, said Bureau of Revenue Estimates Director David Roose, because revenues are stable, but a bad thing because the economy is continuing its sluggish rebound from the recession.
The crawling revenue growth, board members said, will likely mean more hard times for the state’s budget. During the recession, revenues have been rather stagnant. And in fiscal year 2012, with most federal stimulus funds gone, the state will be struggling to make ends meet.
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