Martin O`Malley on Budget & Economy

Limit budget growth to below inflation

Facing structural deficits amounting to more than $4 billion in the years to come, I ask you to approve a rate of growth in this year's budget that is just 2.5%--now that is lower than the rate of inflation, and it is lower than last year's 12% rate of growth in government spending, and it is lower than 9 of the last 10 state budgets. Source: State of the State Address Jan 31, 2007

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