Tue March 6, 2012
Doomsday Budget To Be Heard in Annapolis
ANNAPOLIS, Md. (AP) - It's going to be a "doomsday" kind of a morning for the Maryland Senate Budget and Taxation Committee.
Analysts with the state's nonpartisan Department of Legislative Services plan to give the panel a briefing on the so-called "doomsday" budget plan Tuesday morning in Annapolis.
The plan has been put together in case lawmakers can't agree on new revenues to balance this year's books and reduce an ongoing structural budget deficit of about $1.1 billion by half.
The option would rely entirely on budget cuts to make up the difference.
Senate President Thomas V. Mike Miller, D-Calvert, said last week part of the plan would include 500 state government employee layoffs.