pension system

Local News
12:29 pm
Fri March 7, 2014

Employee Pension System Could Help Fill MD Budget Gap

Governor Martin O'Malley
Credit official photo

ANNAPOLIS, Md. (AP) - More money set aside to reinvest in Maryland's state employee pension system could be tapped to help fill a budget hole.

The Senate Budget and Taxation Committee is scheduled to make decisions on Gov. Martin O'Malley's budget proposal Friday.

Senators will be looking to fill a bigger budget gap than initially expected. That's because revenue estimates were revised downward Thursday by $238 million for the next 15 months.

Read more