Deep Creek Lake Real Estate Blog - Jay Ferguson

Deep Creek Lake Real Estate Blog - Jay Ferguson
EVERYTHING under the sun about Deep Creek Lake, Maryland! Deep Creek Lake Real Estate Information, Local News & Happenings in Garrett County Maryland, Current Events, Local Business Profiles, Upcoming Attractions, Vacation Rentals, Resort Realty, Community Profiles, Homes for Sale, Restaurants & Dining, Entertainment Schedules, Festivals & Gatherings, Churches & Charities, Wisp Ski & Golf Resort, Swallow Falls State Park, Youghiogheny & Casselman River, Garrett County Fair & more!

Friday, January 22, 2010

O'Malley Proposes Spending Cuts, Bond Sales to Close Budget Gap



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O'Malley Proposes Spending Cuts, Bond Sales to Close Budget Gap


Jan. 21, 2010


by Brady Holt

Capital News Service

ANNAPOLIS – Gov. Martin O'Malley said Tuesday that the state should continue furloughs, lay off several dozen employees, raise college tuition, and transfer nearly a billion dollars from sources that include its capital fund in order to close a projected $2 billion budget shortfall.

O'Malley described his proposed fiscal year 2011 budget, which also includes a variety of other spending cuts, as a continuation of the "fiscal responsibility" he said has defined his administration.

"If you're not fiscally re-sponsible, everything comes collapsing down like a house of cards," O'Malley said at a Tuesday afternoon press conference.

The state government has shrunk under his administration, O'Malley said, with $5.6 billion in total spending reductions over his term and the elimination of 3,500 positions – 202 this year alone – "in a state that's already pretty lean."

O'Malley proposes slashing $375 million from funding for state agencies and $330 million from assistance to local governments.

(more from Republican News)

If you are thinking of buying or selling real estate in Garrett County or Deep Creek Lake, Maryland, call Jay Ferguson of Long & Foster Real Estate for all of your real estate needs! 877-563-5350

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