The Baltimore Sun blogs today about the O’Malley Administration’s top legislative priorities for the 2011 session:
The centerpiece of O’Malley’s legislative agenda — his fifth as governor — is the creation of a $100 million venture capital fund called Invest Maryland. Sun business reporter Gus Sentementes took a close look at the program in Saturday’s Sun, writing: “The state would invest in small businesses and start-up companies — partially through the dormant Maryland Venture Fund — and would reap both the risks and rewards.”
On a separate topic with direct county government effect, the Sun also writes:
On pension reform, O’Malley laid out a plan to shore-up the state’s sagging system by reducing benefits for new employees and requiring current workers to pay more into the program. It saves the state $100 million next year, but has already sparked outrage from the leadership of state workers’ unions.
“While cutting and balancing are important, they are not enough by themselves to create jobs in the new economy,” O’Malley said in a written statement. “Our legislative agenda focuses valuable resources on job creating initiatives, and harnesses Maryland’s competitive strengths to make this new economy ours.”