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O’Malley Won’t Pass Pension Costs To Counties

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CAMBRIDGE, Md. (AP) — Gov. Martin O’Malley says he will not pass pension costs to the state’s counties in the budget proposal he will present later this month.

O’Malley, speaking to the winter conference of Maryland Association of Counties in Cambridge Thursday night, says he will propose ways to make the pension system sustainable.

He says those proposals will include improving the funding level within the system and asking for greater contributions from members of the system.

Maryland faces an approximately $1.3 billion budget gap for fiscal 2012, a shortfall O’Malley says will require shared
sacrifice.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

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