The General Assembly returns to Annapolis today for a fast paced special session dedicated to enacting revenue bills that would avoid $512 million in state budget reductions for fiscal year 2013. The Senate will convene at 10 a.m., followed by the House of Delegates at noon. The Department of Legislative Services just released a report summarizing the fiscal impact of the Governor’s bills that will be introduced this morning.
The Maryland Chamber will offer testimony this afternoon on both the Budget Reconciliation and Financing Act (BRFA) and the tax increase bill. Our testimony will focus on opposing the proposed transfer of over $50 million in IWIF funds to the state general fund and the damaging effects of the proposed tax bill on Maryland employers.
Update May 14, 1:38 p.m. – The Senate Budget and Taxation Committee approved the BRFA and tax bills with no amendments. It was a party line vote, with the exception of Sen. Edwards voting for the BRFA bill. The bills will move to the Senate floor at 4 p.m. today.