Maryland has ended fiscal year 2012 with nearly $230 million more than expected.
Senate President Thomas V. Mike Miller says senators are exploring a bill that proposes to repeal a Maryland tax cut approved in 1997 to help balance the budget.
Gov. Martin O’Malley says Maryland must be open to raising new revenue to address the state’s budget deficit next year.
O’Malley said his administration has had several meetings on how the state will address a projected budget deficit of about $1 billion in the next fiscal year.
Baltimore County teachers are sounding the alarms as school officials try to reduce a massive budget shortfall. Teachers say proposed reductions in nearly 200 teacher positions through attrition will have an impact on education.