The Maryland Senate budget committee Friday finalized $300 million in cuts and transfers in Gov. Martin O’Malley‘s $31 billion spending plan for next year, including cutting the Chesapeake Bay 2010 Trust Fund in half to $25 million, disappointing environmentalists.
Expected tax revenues for next year were projected to be $258 million lower than first estimated. On Thursday, Warren Deschenaux, the Legislature’s top budget analyst, suggested that the offsetting cuts would leave lawmakers “where the governor started” when he submitted the budget seven weeks ago, Deschenaux said.
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