AFP-Maryland’s Statement On The State Budget – More Debt, Less Prosperity

Annapolis – On Friday Jan 21st, Gov. O’Malley unveiled his fiscal year 2012 budget. Since the elections, Governor O’Malley promised no new taxes in his budget and, instead, significant cuts to the State Budget.

Americans for Prosperity Maryland’s Political Director Nick Loffer issued the following statement:
"Maryland’s initial budget produced by Gov. O’Malley fails to meet his obligation of maintaining Maryland’s fiscal health. Maryland needs to pay off its debt and make real spending cuts rather than continue down the road of the same failed policies that add to the massive financial liabilities all Marylanders bear.

Continuing to borrow money and leaving financial gaps from raiding dedicated trust funds in order to "balance the budget" is not a solution that leads to prosperity. Gov. O’Malley has thus left the door open for another round of damaging taxes that businesses and families cannot afford.

Americans for Prosperity Maryland calls upon Governor O’Malley and Annapolis to make meaningful budgets cuts with all expenditures on the table, to remove any borrowing currently in place, and to refuse taxing their way out of Maryland’s fiscal mess.