Maryland Senate Republican Caucus – O’Malley Swimming in Red Ink


Maryland Senate Republican Caucus – O’Malley Swimming in Red Ink

Overshadowed by the deplorable state of the state budget released yesterday
was the admission before the Senate Finance Committee by officials of the
Department of Labor, Licensing and Regulation that Maryland needs to borrow
over $300 million from the federal government to replenish the Unemployment
Insurance Trust Fund.

State officials said that the claim volume is unprecedented because of the
elevated levels of joblessness throughtout the state since 2007 (the year
Governor O’Malley took office).

“At this stage, the trust fund is bankrupt,” said Minority Leader Allan
Kittleman (R-Howard, Carroll). “Moreover, Governor O’Malley’s legislative
proposals would make things worse – we must not permanently expand program
costs under a federal mandate that only provides short-term revenues.
Obviously, that fix is not financially sustainable.”

Business groups join Republican legislators in opposition to O’Malley’s
legislation.

For updates on the 2010 Legislative Session, subscribe to
www.mdsenategop.com

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