About the Post

Author Information

Larry Hogan proposes budget with 2 percent agency cuts, money for Red Line

Staff reporter- Baltimore Business Journal

Maryland Gov. Larry Hogan‘s first budget proposal seeks to balance the state’s general fund and cut state agency spending, but does not include any tax cuts.

The proposed budget does not call for any state layoff or furloughs. It would also set aside some money for Baltimore’s Red Line light rail project and a similar Purple Line project in the Washington, D.C., suburbs. However, the Hogan administration has placed the rail projects under review and has not decided their ultimate fate.

Hogan released limited details on his first budget Thursday in Annapolis, speaking roughly 24 hours after his inauguration. His budget seeks to check off a campaign promise to curtail state spending and balance Maryland’s books. It calls for general fund spending of $16.4 billion on projected revenue of $16.4 billion in the 2016 fiscal year that will start in July.

Read full article here from Baltimore Business Journal


No comments yet.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: