O’Malley says Maryland will consider tapping reserve fund to deal with federal shutdown

By John Wagner
 

Maryland Gov. Martin O’Malley (D) said Tuesday that the state could try to lessen the impact of a lengthy federal government shutdown by tapping a $100 million fund set up by the legislature to deal with the consequences of the federal sequestration process.

“We have flexibility on how to use these funds, and we’re actively assessing all of our options so that we can minimize the harmful effects of prolonged congressional recklessness on Maryland families and businesses,” O’Malley said in a statement.

Furloughs of federal workers during a government shutdown could cost Maryland $5 million a day in income and sales tax collections, according to an analysis prepared by O’Malley’s budget advisers that became public last week.

Read full article here from The Washington Post