ANNAPOLIS, Md. (AP) — Maryland lawmakers say Gov. Larry Hogan is using some of the state’s Rainy Day Fund to fill budget holes.
Lawmakers from both parties met at the governor’s residence Tuesday morning to get a briefing on Hogan’s budget proposal.
Sen. Richard Madaleno, a Democrat, says about $177 million in Rainy Day Funds help balance the budget. The fund contains more than the targeted amount of 5 percent of the state budget.
Senate President Thomas V. Mike Miller says there are less cuts than lawmakers expected, and education is fully funded. “That’s what rainy day funds are for,” he said.
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3 comments:
I dunno. Thought the rainy day fund was for emergencies - rather than balancing the budget. We have people of authority (paid well) who's job is to make sure stats are correct and to balance the books.
So failure to balance the budget allows one to dip their hand in the cookie jar for help???
Sad that failure is gets paid - regardless of party affiliation.
Better than robbing the State Employee Retirement Fund again. Does this include paying back this Fund from they have stolen from it?
Tards cant stand not taxing the air we breathe
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