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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

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