Gov. O'Malley to balance Maryland budget
This statement came during O'Malley's attendance at the biennial National Governors Association seminar. The two-and-a-half day seminar, held in Colorado Springs, Colorado, is geared toward helping newly elected governors transition from the rigors of campaigning to the challenges of governing.
At the conference, O'Malley spoke with a Bloomberg reporter about the budget cuts:
"We’re going to be on a constant diet of deep and painful cuts," he said. The trick, he said, will be preserving the state’s economic resiliency, he said.
"There are certain priorities that we must protect in order to continue to come out of this recession," he said. O’Malley said he hoped to spare college affordability and tax credits for research-job creation from the deepest reductions.
Areas that may be cut, he said, are corrections, employee costs, pensions and Medicaid, the federal-state health-care program for the poor.