PARRIS N. GLENDENING, Governor

Ch. 7

SUPPLEMENTAL BUDGET NO. 1 - FISCAL YEAR 1996

March 24, 1995

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 supplement to House Bill 135
and/or Senate Bill 90 in the form of an amendment to the original budget for the Fiscal
Year ending June 30, 1996.

Supplemental Budget No. 1 will affect previously estimated funds available for
budget operations as shown on the following summary statement.

SUPPLEMENTAL BUDGET SUMMARY

Estimated General Fund Surplus Available

July 1, 1996 (per Original Budget)                                                                    176,774

Adjustments to Revenue:

General Funds:

Revised Board of Revenue Estimates -
March 1995
Fiscal Year 1995                                       19,600,000

Fiscal Year 1996                                        7,700,000

Increase Fiscal Year 1995 Estimated Agency
Reversions:
State Department of Education - Aid to

Education                                            1,487,927

Lottery revenue not transferred to the MD

Stadium Facilities Fund                     11,200,000

Transfer from the MD Automobile

Insurance Fund                                  10,000,000

Anticipated Legislative Reductions to the
State Lottery
Agency Operating Budget                           1,327,854

Anticipated Legislative Reductions to the

Original Budget                                         27,125,000

Reductions of Revenues:
Contingent upon the enactment of SB 152
or HB 339 or HB 1154 (Sales and Use
Tax - Long-Term Vehicle Leases)           -4,600,000

Contingent upon the enactment of SB 648
or HB 821 or HB 1154 (State Taxes -
Credit for Clean-Fuel Vehicles and
Refueling Property)                                      -600,000

Contingent Reductions Not Realized:
MD Higher Education Commission -
36.09.00.03                                              -1,241,486                                 71,999,295

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