Governor’s Budget Advisers Urging Teacher Pension Shift

As reported by the Washington Post in Maryland Politics, the Governor’s budget advisers have recommended shifting 40 percent of teach pension costs to the counties, as part of the still-developing State budget plan for FY 2012 and beyond.

O’Malley (D) said in an interview Monday that he would like to forgo the recommendation but said it is still among the options being considered as he struggles to bridge a shortfall of more than $1.2 billion in next year’s state budget.

“I don’t believe the counties are in any better position than we are to pick up the costs,” O’Malley said at an event in Gaithersburg. “But I haven’t figured out yet how we close a $1.2 billion gap. We’re still wrestling with that mathematical challenge.”

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