The budget committees of the General Assembly held their annual fiscal briefing on January 20, 2014, to hear from the Department of Legislative Services (DLS) on the Governor’s proposed budget for the upcoming fiscal year. This briefing provides a comprehensive overview of the state’s economic and revenue outlook, the assumptions used to prepare the Governor’s FY 2015 proposed budget, the status of the state’s general fund, aid to local governments, the capital budget, and other budget issues of importance. A previous post on Conduit Street provides links to all relevant sections.
This meeting also sets the stage for General Assembly budget negotiations and provides the opportunity for DLS to raise issues or concerns with the approach used by the Administration to balance the budget. As reported by MarylandReporter.com:
…the legislature’s chief fiscal analyst told lawmakers Monday that the administration relied on “familiar budget balancing strategies” to make the numbers work.