MD Panel Votes On Spending Recommendations - 47 ABC - Delmarva's Choice

MD Panel Votes On Spending Recommendations

Posted: Updated:

ANNAPOLIS, Md. - A panel of Maryland lawmakers is recommending Gov. Martin O'Malley cut the state's ongoing projected budget deficit of $382 million by more than half in the next fiscal year.
    
The state's Spending Affordability Committee on Thursday also voted to allow the state to increase capital debt limit by $150 million for the next fiscal year.
    
Maryland is required to have a balanced budget each fiscal year. However, projected spending for future years has exceeded revenues in recent years in what's known as a structural budget deficit.
    
Democratic supporters of the recommendation note the state will have nearly addressed a $2 billion budget deficit since 2010. Republicans questioned why the panel didn't recommend eliminating the structural deficit. Democrats say that would have presented some difficulties in education funding.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

  • ContestsMore>>

  • Midway Speedway Giveaway

    Midway Speedway Giveaway

    Thursday, June 26 2014 7:57 AM EDT2014-06-26 11:57:18 GMT
    Enter to win a Midway Speedway Four Person Park Pass This includes all day at the waterpark, four choice tickets (good for any ride or attraction) and a round of fire mountain golf. Rules No purchaseMore >>
    Enter to win a Midway Speedway Four Person Park Pass This includes all day at the waterpark, four choice tickets (good for any ride or attraction) and a round of fire mountain golf. Rules No purchaseMore >>
  • Teacher Who Makes A Difference

    Teacher Who Makes A Difference

    The WMDT 47 Teachers Who Make a Difference Contest is Sponsored by Accurate Optical: "Encouraging children of all ages to come in for an annual eye exam to help them see better in school." Each month weMore >>
    The WMDT 47 "Teachers Who Make a Difference" Sponsored by Accurate Optical Encouraging children of all ages to come in for an annual eye exam to help them see better in school.More >>
Powered by WorldNow
Powered by WorldNow All content © Copyright 2000 - 2014 WorldNow and WMDT. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.