In an article originally posted on Conduit Street on Thursday, March 6, MACo posted a summary of Lieutenant Governor Anthony Brown’s visit to the MACo offices and Legislative Committee.
In that article, MACo inadvertently misstated the Lieutenant Governor’s mention of the pending budget plan, and the incorporation of certain pension funding as a measure for state budget resolution. The corrected statement now appears in the original article, and also below:
With respect to the fiscal 2015 budget, he commented that the most controversial item is transfer of the $100 million in pension reinvestment savings to the State’s General Fund. He said that it is his hope that “pensions are not looked to to balance the budget in the future.”
The original version of the article left the incorrect impression that the Lieutenant Governor supported long term use of these funds, his direct comments to MACo made his reluctance clear.
MACo regrets the error, with apologies to any officials or readers who may have gathered an incorrect impression from the article.