Policy: Budgets & Deficits

Md. House Republicans discuss fiscal issues

|
Politics,Local,Maryland,Budgets and Deficits

ANNAPOLIS, Md. (AP) — Maryland House Republicans say the state shouldn't use money that had been planned to strengthen the long-term finances of the pension system to fill a budget hole.

The House Minority Caucus released an alternative budget plan on Tuesday.

The GOP plan would restore the full $300 million that lawmakers had agreed to pay annually above required pension payments when lawmakers approved a new pension plan in 2011.

Democratic Gov. Martin O'Malley had proposed capping the payment at $200 million. The state Senate decided to cap the payment at $100 million, while gradually restoring it to $300 million in several years.

The full House is expected to consider changes to budget legislation on Wednesday for the state's $39 billion budget.

View article comments Leave a comment