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Government Debt
State approves O'Malley's $84 million in budget cuts
State approves O'Malley's $84 million in budget cuts

The lackluster economy prompted Gov. Martin O'Malley to propose erasing $84 million in planned spending for next year. Just a day after the new state budget took effect, O'Malley persuaded the Board of Public Works unanimously to approve a modest set of cuts to Maryland's $16.1 billion general fund. About $10 million in cuts come from the state's higher-education institutions, although O'Malley aides said it would not affect tuition rates. The cuts would not cause any layoffs but would trim 61 vacant jobs from the state's workforce of about 80,000 people, aides said. More than half of those jobs will come from higher education, including 36 vacant posts in...