Report to Governor & Legislative Policy Committee on recommendations on fiscal goals for State budget to be considered at next regular session of General Assembly due Dec. 1.
Established in 1982, the Spending Affordability Committee studies and reviews the status and projections of State revenues and expenditures and the status and projections of the Maryland economy (Chapter 585, Acts of 1982). The Committee's purpose is to limit the rate of growth of State spending to a level that does not exceed the rate of growth of the State's economy. Annually, the Committee recommends to the Governor and Legislative Policy Committee the fiscal goals of the State government budget to be considered at the next General Assembly session. Committee recommendations cover levels of State spending, new debt authorization, and State personnel, as well as how any surplus may be used.
The Committee includes the Senate President and House Speaker; chairs of the Senate Budget and Taxation Committee and House Appropriations Committee; the majority and minority leaders of the Senate and House or their designees; and an equal number of other senators and delegates chosen by the Senate President and House Speaker (Code State Government Article, secs. 2-1001 through 2-1010).
November 5, 2002
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