Md. House Republicans Discuss Fiscal Issues

ANNAPOLIS, Md. (AP) — Maryland House Republicans say the state shouldn’t use money that had been planned to strengthen the long-term finances of the pension system to fill a budget hole.

The House Minority Caucus released an alternative budget plan on Tuesday.

The GOP plan would restore the full $300 million that lawmakers had agreed to pay annually above required pension payments when lawmakers approved a new pension plan in 2011.

Democratic Gov. Martin O’Malley had proposed capping the payment at $200 million. The state Senate decided to cap the payment at $100 million, while gradually restoring it to $300 million in several years.

The full House is expected to consider changes to budget legislation on Wednesday for the state’s $39 billion budget.

(Copyright 2013 by The Associated Press. All Rights Reserved.)

Comments

More From CBS Baltimore

Tune In To The Grammys On Feb 15!
Track Weather On The Go With Our App!

Listen Live