state pension system

Local News
10:14 am
Fri March 28, 2014

MD House Approves $39 Billion Spending Plan

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ANNAPOLIS, Md. (AP) - The Maryland House of Delegates has approved the state's $39 billion budget for the next fiscal year.

The House voted 100-38 Thursday.

Delegates decided to stick with a plan already approved by the Senate to address a significant drop in revenue estimates earlier this month by using $200 million in money that had been planned to shore up the long-term health of the state pension system. The plan calls for restoring the full $300 million above the required annual payment in several years.

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