Governor O'Malley announced his budget on Wednesday, offering a sneak preview the night before to various news outlets ragarding the overview of his budget. No increase in taxes, and O'Malley hopes to eliminate the budget deficit by 2017. However, he is cryptic as to how the revenue matches up, saying that it will come from "savings" to the state employee health insurance plan and pension/retirement plan. Will those "savings" include cuts? O'Malley made it seem like it was form an overcalculation as to how much the state needed to contribute to those plans. Or will employees need to bump up their contributions to health insurance?
Read more at the Baltimore Sun.
1/15/14, Todd Reynolds, Political Coordinator