Wed July 2, 2014
O'Malley Proposes $80 Million in Budget Cuts
ANNAPOLIS, Md. (AP) - Gov. Martin O'Malley plans to submit nearly $80 million in state budget cuts to the Board of Public Works.
The Washington Post (http://wapo.st/TC8YnK ) reports that O'Malley will ask the board to approve the cuts on Wednesday.
The reductions add up to about 0.5 percent of the planned $16.1 billion in general-fund spending in the current fiscal year, which began Tuesday. The newspaper reports that the cuts are an acknowledgement that tax revenues are not likely to be as strong as projected.
Details about the cuts will be made public at the Wednesday morning board meeting.
Nina Smith, an O'Malley spokeswoman, says the administration is trying to take a "proactive, conservative approach to planned spending."
The board includes O'Malley, Comptroller Peter Franchot and Treasurer Nancy Kopp.