Maryland Governor Wants More Control of Budget - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Maryland Governor Wants More Control of Budget

Posted: Updated:
Gov. Larry Hogan held a news conference Thursday to discuss the state's budget. (Photo: Larry Hogan/Facebook) Gov. Larry Hogan held a news conference Thursday to discuss the state's budget. (Photo: Larry Hogan/Facebook)

ANNAPOLIS, Md. (AP/WBOC) - Gov. Larry Hogan wants to take more control of the budget process as a way of steering Maryland toward long-term fiscal health.
    
The Republican governor outlined his spending priorities for his second year in office on Thursday. While not mentioning his Democratic predecessor, Martin O'Malley, by name, Hogan said the state's finances were chronically mismanaged for eight years.

As announced by the governor, the FY 2017 operating budget will total $17.1 billion, which will include a Rainy Day Fund balance of $1.1 billion and a cash balance of $445 million going into FY 2018. Hogan says he will fully fund all spending increases that are required by law. Those mandates account for 83 percent of the state budget. But in exchange, he won't allow the Democratic-controlled legislature to tweak funding formulas as it has in the past.

“Our administration has said repeatedly that we would bring fiscal restraint back to Annapolis, hold the line on spending, and increase funding for top priorities like education and infrastructure. This year's budget accomplishes all those things,” said Governor Hogan. “I hope that it will set the stage for bipartisanship, cooperation, and continued fiscal responsibility.”

Hogan also plans to propose $400 million in tax cuts over five years. Democratic House Speaker Michael Busch says he's curious about how those cuts would be paid for.

Highlights of the governor’s FY 2017 proposed budget include:

- $17.1 billion operating budget

- $1.1 billion Rainy Day Fund balance

- Approximately $440 million cash balance going into FY 2018

- Fully funds every single General Assembly statutory spending obligation

- Delivers approximately $400 million in tax and fee relief to an estimated 1 million Maryland citizens and to over 300,000 small businesses over the next five years

- Fully funds 100 percent of education spending increases – based on the formulas set by the legislature

- Fully funds the Geographic Cost of Education Index

- $6.3 billion for K-12 education, an increase of $140 million

- $314 million for new school construction projects

- $231 million in highway user revenues – an increase of 18.9%

- $7.3 billion in aid to local governments – an increase of 3.3% 

- Sets capital debt limit at $995 million – below the level proposed by the legislature

- $35 million to address the long-standing deficiencies accrued by the previous administration

  • Delmarvawide NewsDelmarvawide NewsMore>>

  • Additional Funding Approved for Ocean City Inlet Dredging

    Additional Funding Approved for Ocean City Inlet Dredging

    Jun 19, 2018 11:57 AM2018-06-19 15:57:00 GMT
    Tuesday, June 19 2018 11:57 AM EDT2018-06-19 15:57:45 GMT
    Ocean City Inlet during Tropical Storm Hermine (WBOC)Ocean City Inlet during Tropical Storm Hermine (WBOC)
    Ocean City Inlet during Tropical Storm Hermine (WBOC)Ocean City Inlet during Tropical Storm Hermine (WBOC)
    The U.S. Army Corps of Engineers, Baltimore District, has received additional funding to dredge the Ocean City InletMore
    The U.S. Army Corps of Engineers, Baltimore District, has received additional funding to dredge the Ocean City InletMore
  • Updated: Woman Charged With Attempted Murder After Police Chase Injures Wico. Deputy

    Police Chase Injures Deputy in Salisbury

    Jun 16, 2018 10:04 PM2018-06-17 02:04:00 GMT
    Tuesday, June 19 2018 11:22 AM EDT2018-06-19 15:22:13 GMT
    Connie L. SchoffstallConnie L. Schoffstall
    Connie L. SchoffstallConnie L. Schoffstall
    A Parsonsburg woman is facing attempted murder and related charges following a Saturday morning police chase that left a Wicomico County sheriff's deputy injured.More
    A Parsonsburg, Maryland, woman is facing attempted murder and related charges following a Saturday morning police chase that left a Wicomico County sheriff's deputy injured.More
  • DelDOT Makes Effort to Save Pollinators

    DelDOT Makes Efforts to Save Monarch Butterflies

    Jun 19, 2018 9:46 AM2018-06-19 13:46:00 GMT
    Tuesday, June 19 2018 11:06 AM EDT2018-06-19 15:06:40 GMT
    Wildflowers blooming alongside Delaware state roads.Wildflowers blooming alongside Delaware state roads.
    Wildflowers blooming alongside Delaware state roads.Wildflowers blooming alongside Delaware state roads.
    DOVER, Del.- The Delaware Department of Transportation has started to let the flowers bloom alongside state roads. These wildflowers are the main food source for pollinators like monarch butterfliesMore
    The Delaware Department of Transportation has started to let the flowers bloom alongside state roads. These wildflowers are the main food source for pollinators like monarch butterflies, bees and other beneficial insects. More
  • Most Popular StoriesMost Popular StoriesMore>>

  • New Details on Firefly Death, Medical Response

    New Details on Firefly Death, Medical Response

    Jun 18, 2018 10:36 PM2018-06-19 02:36:00 GMT
    Tuesday, June 19 2018 7:44 AM EDT2018-06-19 11:44:52 GMT
    DOVER, Del.- The 20-year-old Philadelphia woman who was found unconscious at her Firefly campsite was in cardiac arrest before she passed away, according to local officials. Kent County's Director of Public Safety says Firefly attendee Caroline Friedman wMore
    The 20-year-old Philadelphia woman who was found unconscious at her Firefly campsite was in cardiac arrest before she passed away, according to local officials. Kent County's Director of Public Safety says Firefly attendee Caroline Friedman wMore
  • Multiple Arrests Made During Firefly Weekend

    Multiple Arrests Made During Firefly Weekend

    Jun 18, 2018 4:57 PM2018-06-18 20:57:00 GMT
    Tuesday, June 19 2018 7:36 AM EDT2018-06-19 11:36:34 GMT
    (Left to right) William Rodriguez, Hassan Mceachin and Shakir Styles(Left to right) William Rodriguez, Hassan Mceachin and Shakir Styles
    (Left to right) William Rodriguez, Hassan Mceachin and Shakir Styles(Left to right) William Rodriguez, Hassan Mceachin and Shakir Styles
    Dover police made multiple arrests at the Firefly Music Festival this weekend.More
    Dover police made multiple arrests at the Firefly Music Festival this weekend.More
  • North Salisbury Gains Development Projects Including Aldi

    North Salisbury Gains Development Projects Including Aldi

    Jun 18, 2018 10:28 PM2018-06-19 02:28:00 GMT
    Tuesday, June 19 2018 7:42 AM EDT2018-06-19 11:42:26 GMT
    As some big box stores like K-Mart and Toys R Us leave Salisbury, there are still some other retailers looking to move in.More
    As some big box stores like K-Mart and Toys R Us leave Salisbury, there are still some other retailers looking to move in.More
Powered by Frankly

All content © Copyright 2000 - 2018 WBOC. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices