Maryland lawmakers say Gov. Larry Hogan is using some of the state’s Rainy Day Fund to fill budget holes.
Lawmakers from both parties met at the governor’s residence Tuesday morning to get a briefing on Hogan’s budget proposal.
Sen. Richard Madaleno, a Democrat, says about $177 million in Rainy Day Funds help balance the budget. The fund contains more than the targeted amount of 5 percent of the state budget.
Senate President Thomas V. Mike Miller says there are less cuts than lawmakers expected, and education is fully funded. “That’s what rainy day funds are for,” he said.
But Maryland Senator Jim Rosapepe was alarmed by the news that up to $177 million in rainy day money was tapped. “If it’s true that he’s taking money from the rainy day fund when it’s not a rainy day, that suggests some serious problems in fiscal management. We’re going to have to look at the details.”
Hogan introduced his 17.1 billion dollar operating budget for FY2018. Included in the budget:
$6.4 billion dollars for K-12 education
$1.35 billion dollars for the university system in Maryland
$256.1 million dollars for community colleges
$17.5 million dollars for tuition relief (that caps tuition increases to 2 percent)
Nearly $24 million dollars for Maryland Economic Assistance Authority and Fund
$4 million in substance abuse funding
Adding beds for addiction treatment
$51 million dollars added to Chesapeake and Atlantic Bay Trust Fund
$7 million dollars added to security at correctional facilities
$7 million dollars added to State Police vehicle replacement program
$1.9 million added for Natural Resources Police
$22 million dollars for “blight removal” in Baltimore City
$14 million dollars for economic development and tourism in cities (including Hagerstown, Cumberland, Salisbury)
Click here to read the rest of the story written by Kate Ryan over at WTOP.