Feb 26, 2014

O’Malley wants to short pensions to fund budget

A proposal to reduce reinvestments to the Maryland State Retirement and Pension System could ultimately cost taxpayers $1.75 billion over the next two decades.

Feb 12, 2014

O’Malley says snow and ice could last 24 hours

Gov. Martin O'Malley is urging residents to prepare for 24 hours of nasty, wet and icy weather.

Jan 22, 2014

Bail plan’s cost debated

The Maryland Judiciary’s plan to implement the recently announced constitutional right to counsel when bail is fraught with hidden costs, representatives of the Office of the Public Defender told House lawmakers on Wednesday.

Jan 16, 2014

Editorial: Balancing the budget with the pension system

It was supposed to be a trade-off, a system of shared pain for shared gain. In order to ensure a solvent state pension system, employees would pay more and get less.

Jan 16, 2014

Mixed bag for docs, students

The $39 billion budget proposal unveiled today by Gov. Martin O’Malley includes some good news for Maryland’s physicians and students but also some slaps in the face.

Jan 15, 2014

O’Malley unveils his final budget

Gov. Martin O’Malley’s $39.2 billion spending plan for fiscal 2015, announced Wednesday, puts the state “on a glide path” to retire its structural budget deficit by 2017.

Gov. Martin O'Malley
Jan 15, 2014

O’Malley releases $39B budget

ANNAPOLIS — Gov. Martin O’Malley is proposing to help fill a budget shortfall in Maryland by making a smaller payment toward long-term state pension reform. O’Malley said Wednesday the $172 million saved helps close a $584 million budget shortfall. The governor’s budget also includes a 3 percent increase in college tuition. The budget also has […]

Jan 15, 2014

Mission failure: O’Malley budget won’t erase structural deficit

O'Malley's soon-to-be-released spending plan, which is expected to come in around $39 billion for the next fiscal 2015, would be about $2 billion more than the budget approved for the current year.

Nov 24, 2013

From tax cuts to millions in the hole

State legislators will have an unwelcome present when they return to Annapolis in January: hundreds of millions of dollars in structural budget deficits.

Oct 22, 2013

Lockheed’s 3Q results survive defense cuts

The nation’s largest defense contractor had a better third quarter than expected, as federal budget cuts brought less severe consequences than were forecasted.

Oct 16, 2013

Teacher training event falls victim to shutdown

FREDERICK — The federal budget battle is keeping some Frederick County public school teachers from meeting with Army researchers for professional development. The Frederick News-Post reports that a science, technology, engineering and math symposium planned for Friday has been canceled. The school district says about 100 teachers had planned to attend the event organized through […]

Oct 16, 2013

U.S. builder confidence dips amid budget impasse

U.S. homebuilders are feeling less confident in the housing market, reflecting their uncertainty over the budget impasse in Washington. The National Association of Home Builders/Wells Fargo builder sentiment index released Wednesday fell to 55 in October. That’s down from a reading of 57 in September. September’s reading was revised one point lower from its initial […]

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