Source: Special Session Deal Includes Tax Hikes, More Cuts

With lawmakers due to return to Annapolis Monday for a special session to consider a tax and revenue package, Governor Martin O'Malley, Senate President Mike Miller and House Speaker Michael Busch will offer details of the package,  at a news conference in Annapolis Wednesday morning.

Aides to the governor would not offer any details of the plan, but a source close to the talks tells WBAL News that the proposal will be very similar to the one House and Senate budget negotiators approved in the final hours of the legislative session last month.   Neither the House or Senate voted on the proposal.

O'Malley said $512-million in spending cuts would take effect July 1, unless lawmakers approved a tax bill.

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