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.
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