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beginning of my Administration not to increase taxes for State adminis-
tration purposes will be attained.
I would point out that all of the revenues derived from minor tax
adjustments made last year went to Baltimore City and the counties to
help them with their own tax problems.
While we have not had to increase taxes, to balance the budget for
next year it was necessary that we use half of the $12, 000, 000 revenue
deficiency fund we set aside two years ago.
I would like to call to your attention that more than 80 per cent of the
general fund increase for next year will be applied to education, health,
welfare and correction—areas in which your State government ministers
to human needs, and which may be considered as an investment in
human resources.
Increased requests by State agencies of $38, 985, 000 of general funds
and reduced by nearly $19, 000, 000 were carefully screened. Allowances
were made for a sound expansion of present programs where the need
was indicated. In no instance were necessary functions curtailed or
levels of service lowered. In every case economy of operation was kept
constantly in mind.
It is, in my judgment, a sound and sensible financial program, and
one under which the State of Maryland can continue to grow and
prosper.
ADDRESS, MARYLAND PUBLIC FINANCE
OFFICERS ASSOCIATION
ANNAPOLIS
February 23, 1962
It is a delight to me to be here today among my colleagues and co-
workers in the field of government finance. I consider you co-workers
because, although your work in public finance is more specialized than
mine, as the Governor of this State I spend a greater part of my effort
in the management of the intricate fiscal affairs of State governments.
As workers in a common cause—the proper management and use of the
money people spend to maintain government—we have, I know, similar
interests and similar points of view. The subject for my remarks here
today was chosen by your able and energetic program chairman, Mr.
Edward M. Dunn, Jr., who was Treasurer of Anne Arundel County
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