The Budget is Moving - Week 10 Update
As always, you can keep up with what I am doing by following me at @mkorman on Twitter or by clicking "Like" on Delegate Marc Korman on Facebook.
The budget of the state of Maryland has to be balanced every year, unlike the federal system. It is typically made up of three separate pieces of legislation: the operating budget (costs for personnel and programs); the capital budget (funds for the state construction program); and the Budget Reconciliation and Financing Act (any legislative changes necessary to balance the budget). Thus far, the operating budget and Budget Reconciliation and Financing Act have been sent to the House floor. Here are the highlights:
Once the House passes the budget, it will go to the Senate for approval. The operating budget itself does not require the Governor's signature.
Last week, the House of Delegates unanimously passed legislation I authored, the State Board of Elections Transparency Act. This week, the full House is considering the Graduate Assistant Collective Bargaining Fairness Act, legislation I have been working on for many years. The Energy Storage Pilot Project Act will also be on the House floor this week. I am optimistic a few more of the bills I introduced will pass the House before the "cross-over" date--the date by which a bill must pass one house to be guaranteed a hearing in the other--on Monday.
I spent all day Saturday in Annapolis hearing about capital projects around the state requesting taxpayer funding. I also presented three projects on behalf of the District 16 Team:
The State Board of Revenue Estimates has adjusted downward its budget projections for the current fiscal year and next fiscal year. The decline is $268 million total, although overall the state is still forecasting approximately $500 million in tax revenue growth this year approximately $350 million next year. These adjustments can be viewed here.
If you know of a District 16 resident who merits recognition or condolences or an upcoming event, please email email@example.com.
Comments are closed.
Write something about yourself. No need to be fancy, just an overview.