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O'Malley Unveils New Budget Proposal

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By Rebecca Blatt

Maryland's Gov. Martin O'Malley is trying to avoid a lot of layoffs in a budget proposal for the next fiscal year. Instead, he's relying on debt and money transfers to help fill a $2 billion budget hole.

O'Malley included about 44 layoffs and cut approximately 200 unfilled positions in the budget.

He's pledged to make job creation a main focus of his legislative agenda this session. His plan includes $20 million to fund a tax credit for businesses that hire unemployed residents.

O'Malley is calling for a 3 percent increase for in-state tuition at public colleges and cuts to private higher education institutions.

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