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Md. revenue plunges

Shortfall has increased to $330 million

General Assembly

March 07, 2008|By Bradley Olson , Sun reporter

Among the Senate proposals, direct reductions to the budget include cuts of nearly $10 million to higher education, $18 million for stem cell research, $20 million from malpractice insurance subsidies, $10 million in economic development and $5 million to mass transit in the Washington suburbs. Senators might also roll back millions of dollars in subsidies intended to help small businesses pay for more health care coverage, part of a bill that passed in November's special session.

A number of the reductions involve not cuts but changing how programs are funded, either by spreading out the spending on projects over more years or using debt. One such trim includes a $32 million reduction toward financing the Inter-County Connector, a controversial six-lane toll road that would run from Rockville to Laurel. State transportation officials said the cut could mean the $2.2 billion project would ultimately cost more.

Another such cut is a $40 million reduction in the state's $5.5 billion Medicaid budget, proposed by legislative analysts who estimate that some Department of Health and Mental Hygiene reimbursements will cost less than budgeted. Only half of that money comes from state tax revenues. While officials with that agency said it was not unusual for the legislature to make such suggestions, they warned it could result in a deficit by the end of the year.

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P.J. Hogan, a former state senator who now lobbies for the state's university system, said it was too soon to tell how a proposed $6.8 million reduction in funding would affect the effort to freeze tuition rates, a top priority for O'Malley.

bradley.olson@baltsun.com

Sun reporters Timothy B. Wheeler and Laura Smitherman contributed to this article.

cuts loom

SHORTFALL: Comptroller Peter Franchot estimates that state tax revenues will fall short by $330 million over the next 16 months because of the slowing economy.

Income tax: down $202.1 million

Sales taxes: down $120.4 million

Estate taxes: up $17.5 million

State interest income: down $27.9 million

CUTS: Lawmakers are considering millions of dollars in cuts, including:

Medical malpractice insurance subsidies: $20 million

Medicaid: $20 million

Stem cell research: $18 million

Medevac helicopters: $3 million

University System of Maryland: $6.8 million

Community colleges: $7.9 million

Grants to private colleges: $3.1 million

Intercounty Connector: $32 million

Economic development: $10 million

Rural broadband Internet: $2 million

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