Warren Deschenaux

Local News
8:18 am
Tue January 21, 2014

Balancing the MD State Budget

Governor Martin O'Malley
Credit official photo

ANNAPOLIS, Md. (AP) - A top Maryland budget analyst is encouraging lawmakers to create a greater budget cushion than one included in Gov. Martin O'Malley's budget plan.

Warren Deschenaux said Monday lawmakers should aim to create a fund balance of about $100 million for the next fiscal year. He says the budget submitted by O'Malley last week has about a $30-million cushion.

That's above the state's Rainy Day Fund of about $800 million, but lawmakers and analysts always aim to have that money safely set aside without needing to be tapped.

Read more