Friday, February 16, 2018

Gov. Hogan supports 'lockbox' to keep Maryland casino money in education, vows $4.4 billion in extra funding

Gov. Larry Hogan described plans Wednesday to increase state spending on public education by $4.4 billion over the next decade by ensuring that all the revenue Maryland gets from casinos is spent to improve the schools.

His proposal echoes calls from the Democratic leaders of the General Assembly to create a “lockbox” for casino revenues, and to use the money to increase education funding beyond the levels required by a state formula.

But the Republican governor’s plan ran into skepticism from advocates for education who argued that the state needs to increase money for schools by far more than the governor is proposing. Others questioned the strength of the so-called “lock,” and the fiscal viability of the plan.

“It means that somebody’s going to have to find some more revenue or cut the budget a whole lot,” said Warren Deschenaux, the recently retired chief of the Department of Legislative Services.

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1 comment:

Anonymous said...

I hope it works better than the lock box on the gas tax money. That bunch of political hacks raided it for the mass transit in the three big counties and B'more