February 16th, 2018 by WCBC Radio
Maryland lawmakers will consider two education funding “lockbox” bills this General Assembly session. Governor Larry Hogan announced this week that he would pursue legislation to create a “lockbox” for education funding. Earlier this legislative session, Democratic leaders in the General Assembly announced a similar proposal to prevent the state’s Education Trust Fund from being used for other purposes, but neither measure has been introduced yet to the chambers. A primary difference between the two proposals is that the Democratic measure would amend the state’s constitution to create the lockbox, a move that would put a referendum on the November general election ballot. Hogan’s bill would create the lockbox through legislation. The governor said his bill would increase education spending by more than $4.4 billion over the next decade by phasing in casino revenue from the Education Trust Fund — in addition to the state’s base-level education funding — over the next four years…
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