Md. House Passes $37B State Budget
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ANNAPOLIS, Md. — The Maryland General Assembly has approved the state’s $37 billion budget.
The Senate voted 35-8 for the measure Friday. The House passed the bill 103-36 earlier in the day.
Maryland isn’t feeling the budget pressures it has in recent years since the recession, due to a mix of slow economic growth, cuts and tax increases.
Lawmakers say an ongoing budget deficit nearly has been fully addressed. It’s been as high as $2 billion in recent years.
The budget for the next fiscal year includes a 3 percent cost-of-living adjustment for state employees.
Compared to last year, House and Senate budget changes were minor. Last year, a budget agreement fell apart on the last day of the session, prompting Gov. Martin O’Malley to hold a special session.
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