Governor O'Malley proposes $240 million shift of teacher pension costs to counties
Baltimore Sun - As part of a plan to address Maryland's $1 billion budget shortfall, O'Malley will propose a groundbreaking shift of teacher pension costs from the state to local governments, legislative sources said Tuesday.
The governor's budget proposal, which must be approved by the General Assembly, also will include spending cuts to Medicaid as well as higher income taxes for the top 20 percent of Marylanders by phasing out exemptions and deductions, the sources said.
In addition, O'Malley will propose collecting sales taxes on some purchases from online retailers that don't impose the levy now and taxing cigars at the same higher rate as cigarettes. Read more ...
