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Md. Looks To Capital Budget To Spur Jobs

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ANNAPOLIS, Md. (AP) — Maryland lawmakers are discussing ways to spur job growth by accelerating borrowing in the state’s capital budget in upcoming years to invest in infrastructure.

Lawmakers on a state spending panel received a briefing by state budget analysts in Annapolis on Thursday.

House Speaker Michael Busch, D-Anne Arundel, says the idea is to make larger investments in schools and roads sooner rather than later in order to increase jobs in the state, while also taking advantage of low interest rates and competitive labor costs. After that, lawmakers plan to slow the borrowing down in later years unless new revenue sources are found.

Busch also says a variety of proposals to raise new revenues for transportation will be discussed in the upcoming legislative session, which begins in January.

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

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