Assembly analysts say O’Malley budget may underfund some areas
The governor’s new budget may be $425 million to $500 million short on cash to fully fund some programs and pension costs, legislative analysts told lawmakers Monday.
In its first swipe at Gov. Martin O’Malley’s $34 billion spending plan, the Legislative Services staff fiscal briefing identified key issues the legislature has to deal with in handling the budget. The analysts noted over $200 million in bond debt that would be sold to replace money taken out of the special funds for Program Open Space, Chesapeake Bay Restoration and the Transportation Trust Fund.Read More