HARRY HUGHES, Governor

403

On page 17 of the Supplemental Budget strike Amendment No.

SUPPLEMENTAL BUDGET NO. 3 - FISCAL YEAR 1985

March 26, 1984

Mr. President, Mr. Speaker, Ladies and Gentlemen
of the General Assembly:

Pursuant to the authority conferred on me by Article III,
Section 52, Subsection (5) of the Constitution of Maryland, and
in accordance with the consent of the (State Senate) - (House of
Delegates), duly granted, I hereby submit a further supplement to
Senate Bill 250 and/or House Bill 350 in the form of an amendment
to the original budget and Supplemental Budgets for the Fiscal
Year ending June 30, 1985.

The Supplemental Budget No. 3 will affect the previously
estimated funds available for budget operations as shown on the
following summary statement.

SUPPLEMENTAL BUDGET SUMMARY

Estimated General Fund Surplus
Available
July 1, 1985 (as per Supplemental

Budget No. 2)                                                                            1,780,357

Adjustments to Revenue:
General Funds:

Individual Income Taxes (withdrawal

of Income Tax Surcharge

proposal)                                                (83,000,000)

Sales Taxes (revised estimate) 14,000,000
Tobacco Taxes (revised estimate) ( 4,000,000)
Death Taxes (revised estimate) 1,000,000
Recovery of Interest Earnings 1,311,642
Recovery of Prior Year Expenses 1,087,300
Hospital Assessments                                         150,000

Property Transfer Taxes

(contingent upon legislation) 21,489,725
Corporate Income Taxes

(contingent upon legislation) 24,792,000
Gasoline Taxes

(contingent upon legislation) 6,060,731
Tobacco Taxes

(contingent upon legislation) 5,000,000
Legislative Reductions of

Appropriations                                           15,000,000

2,891,398