State oversight panel agrees on budget limit

December 18, 1997|BY A SUN STAFF WRITER

A legislative oversight committee agreed last night that Gov. Parris N. Glendening's next budget should not grow by more than 4.9 percent, meaning that he should spend only $57.7 million of the state's surplus for existing programs.

The Spending Affordability Committee recommended that Glendening's operating budget, which will be submitted to the General Assembly early next year, not exceed $7.985 billion for the fiscal year that begins July 1.

The committee recommended that the governor put part of the state's projected $260 million surplus into reserve and use some for one-time expenditures such as school construction, for education and children's health programs, and for additional or accelerated tax cuts.

Pub Date: 12/18/97

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