With the General Assembly’s special session slated for Monday, the legislation introduced to address budget-related issues has been made available, with a schedule for public hearings (on Monday) as well.

The three bills under principal consideration are:

BRFA – Budget Reconciliation and Financing Act – includes pension shift, formula changes, fund transfers

State and Local Revenue and Financing Act – includes tax changes affecting income taxes, tobacco taxes, and local tax application

Qualified Zone Academy Bonds – technical clarification required to authorize federally funded school projects

The hearing schedule indicates:

MAY 14, 2012

HOUSE APPROPRIATIONS

1:00 P.M. Room 120
House Office Building
6 Bladen Street
Annapolis, MD

Subject: Bill hearings on the Budget Reconciliation and Financing Act of
2012 and Creation of State Debt – Qualified Zone Academy Bonds

Witnesses are asked to sign up for oral testimony and, if
providing written testimony, to provide 40 copies by 11:00 A.M.
Monday, May 14. The committee will accept late testimony;
however, due to time constraints, late testimony may not be
provided to the members during the hearing, but will be
delivered to their offices as soon as possible.

HOUSE WAYS AND MEANS

2:00 P.M. Room 130
House Office Building
6 Bladen Street
Annapolis, MD

Subject: Bill hearing on the State and Local Revenue and Financing Act of
2012

Witnesses are asked to sign up for oral testimony, and if
providing written testimony, to do so by 12:00 P.M. on Monday,
May 14. The committee will accept late testimony; however, due
to time constraints, testimony may not be provided to the
members during the hearing but will be delivered to their
offices as soon as possible.

SENATE BUDGET AND TAXATION

11:00 A.M. 3 West
Miller Senate Building
11 Bladen Street
Annapolis, MD

Subject: Bill hearings on the Budget Reconciliation and Financing Act of
2012, the State and Local Revenue and Financing Act of 2012, and
Creation of a State Debt – Qualified Zone Academy Bonds

Witnesses are asked to sign up for oral testimony and, if
providing written testimony, to do so by 12:00 P.M. Friday,
May 11. The committee will accept late testimony; however, due
to time constraints, testimony may not be provided to the
members during the hearing but will be delivered to their
offices as soon as possible.