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%. There will be a planned surplus (general fund balance) of $200 million, plus another $921 million in the Rainy Day fund, bringing these reserves up to $1.1 billion.
“Building up these balances will help cushion any negative impacts on the Maryland economy resulting from federal budget actions,” the committee said, referring to the federal sequestration cuts.
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8 comments:
This is a joke. So they reduced the budget and it only increased by 1.26 billion. That is a Democratic way of thinking. But they will get the votes because most Democrats are ignorant and on Government assistance. When it comes to Democrats, Darwin was right.
WOO hoo. That's .0011 percent! I'm feeling that in my tax refund right now!
This is truly wonderful. I'm going to make plans for this years vacation now. It will probably just be the zoo.
That's Norm Conway thinking 6:15! In his role as chair he has run this state into massive debt, then "lifted" funds from the flush tax, the bay bridge maintenance fund, etc... and given the money to pet western shore projects, such as the Montgomery County collector road project.
But hey! He's a chairman from Salisbury! (but lives in Annapolis)
Try cutting spoending and stop taxing the hell out of us. We didn't send them there to dream up new taxes, but thats their (seemingly) biggest priority. Have I mentioned hanging a few of them lately?
I can't state this any stronger. Clean house within Salisbury Government, take on the County next, then the State, then the Country. Set an example to your kids.
not even one billion.
On the shore we often (correctly) criticize western shore Democrats for many of our problems, but then we help their cause by repeatedly electing Norm Conway.
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