After Maryland’s general assembly failed to pass a tax package that would balance the budget and defaulted to a “doomsday” budget with heavy cuts to education, Gov. Martin O’Malley has been meeting with Senate and House leaders to work out the terms of a special session to special to address the budget problem, among other things.
But Maryland Republicans don’t see a need for a special session at all. As far as they’re concerned, the “doomsday” budget is overhyped. In the words of Del. Anthony J. O’Donnell, “We can live with this budget for a year.” Okay. So will he be ready to raise taxes next year?
Keeping everything as is, Maryland counties will find themselves in a bind, as they state has required they spend a prescribed amount on education while at the same time cutting aid — producing the type of financial inflexibility that government credit rating agency Moody’s says would be a “credit negative” for Maryland’s county governments.
By the way, a special session would cost tax payers somewhere around $20,000 a day. Let’s make it count, guys!