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O’Malley Unveils Outline Of Budget Plan

May 10th, 2012 by WCBC Radio

Standing side by side, Maryland Governor Martin O'Malley and the state's two top legislative leaders unveiled the broad outlines of the budget plan they hope to enact quickly during a special session next week. The plan will raise income taxes on those making more than $100,000 a year (households making more than $150K), a House-backed proposal similar to the one that budget conferees agreed to in the final hours of session.  It also makes deeper cuts than the budget O'Malley initially submitted in January. Maryland's General Assembly adjourned in April without passing the agreed upon budget package. That left the state with a so-called Doomsday spending plan that cut deeply in Allegany and Garrett Counties.  O'Malley will introduce the new plan on Monday when the General Assembly convenes. It is expected to be a brief special session, with the Governor noting that if no compromise is reached next week, it could mean even more budget cuts when the Board of Public Works meets in two weeks…

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