How O'Malley's budget plan affects you
Gov. Martin O'Malley has introduced his state spending plan for the coming fiscal year. Here's how the governor's proposed budget would affect you and your community.
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Gov. Martin O'Malley has proposed a $36 billion state operating budget for the fiscal year that begins July 1. His proposal, which is subject to General Assembly approval, would address a projected shortfall of about $1 billion through a mix of spending cuts and higher taxes. Specifically, the proposal includes $610 million in spending cuts and $311 million in new revenue as well as transfers of $104 million and anticipated federal tax changes of $78 million. The total represents a 2 percent increase in spending from the current fiscal year.