House committee reduces O’Malley $37 billion budget by $420 million
The House Appropriations Committee finished cutting Gov. Martin O’Malley’s fiscal 2014 budget Friday, and the final tally released Monday night in its report to the House shows the budget is $420 million less than what the governor proposed, bringing it slightly under $37 billion.
The overall budget still increases by $1.26 billion, or 3.5%, but excluding federal funds and the money put in the Rainy Day fund, spending of state taxpayer dollars rises by just 2%.
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