Without tax and pensions plan, spending cuts begin July 1
by Jeff Newman and Jason Babcock, Staff writers
Still reeling from the implications of an approved budget that includes $512 million in budget cuts, state Democratic lawmakers expect Gov. Martin O’Malley (D) to call for a special session in the coming weeks to finish work on proposals to raise income taxes on higher earners and shift teachers’ pension costs to local jurisdictions.
Each winter, the Maryland General Assembly convenes in Annapolis with one constitutional mandate — to pass a balanced budget — and yet every year without fail, debate over fiscal issues goes down to the wire, dependent on a ticking clock as much as negotiation between the two legislative chambers.
Lawmakers approved a budget Monday night in the waning hours of the 2012 session — just not the one they wanted.
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