O’Malley, Md. lawmakers use debt to lube state’s path through recession
Text Size PrintE-mailReprints
By Aaron C. Davis, Published: March 22, 2011
Stacked into the budget that Maryland’s House of Delegates will debate Wednesday is a grim look at the state’s fiscal future:
To cover mounting debt, Maryland will have to raise property taxes after next year or begin eating into operating funds for schools, social services and public safety.
O'Malley couldn't figure out how to cut the debt in the state budget, so he got the legislature to foist 50% of the state's debt obligation for state retirees off onto the counties' backs.
He thinks this makes him look good - balancing the budget, but the debt STILL has to be paid by us taxpayers [I live in MD]. Only the tax bill is gonna come from the counties - not the state !!!