Gov. O'Malley to lay out 2015 budget proposal

MARYLAND - Governor Martin O'Malley is set to unveil his $39 billion budget plan for 2015 on Wednesday.

He expects his budget will close a $584 million revenue shortfall, without increasing taxes.

O'Malley says the plan will also put the state on a path toward eliminating the structural deficit by fiscal year 2017.

He is also set to talk about how the proposal supports 48,000 jobs and makes investments in things like schools and the Chesapeake Bay.

Republicans are questioning how the Governor can propose a larger budget than least year, without adding any taxes or fees.

Once O'Malley presents his spending plan, it goes to the General Assembly, to make any revisions before they approve it.

O'Malley is set to speak at 11:00 a.m. in Annapolis.

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