Maryland Gov. Martin O’Malley and members of the General Assembly are examining tax increases as part of a budget deal to close the state’s projected $1 billion shortfall in fiscal 2013.

The state Senate’s budget committee began reviewing tax proposals at a meeting in Annapolis last month, and O’Malley has indicated in recent days that new tax revenue might be necessary to close the state’s budget shortfall — especially now that federal stimulus funds have dried up.

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