Senate to consider changes to Maryland budget

ANNAPOLIS - The Maryland Senate is scheduled to consider proposed changes to the state budget.

Last week, a Senate budget panel decided to address a downward revision in revenues by tapping into money the state had set aside to shore up the state's pension system in a long-term plan.

Gov. Martin O'Malley's proposed $39 billion budget for the state had proposed using one-third of $300 million that had been planned to be put back into the state pension system above the required annual payment. The governor proposed doing that indefinitely to help tackle a budget deficit in future years.

But senators on the panel decided to use more of the pension money in the short term. They plan to return to investing $300 million in the pension system in fiscal year 2019.

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