Md.’s Cash Crunch Could Quash Gov’s FY’09 Plan to Double R&D Credits, Other Programs | GenomeWeb
Maryland’s ”fiscal concerns” have driven Gov. Martin O’Malley into a financial corner, and the life-sciences industry will likely bear the brunt of recent changes proposed to the state’s fiscal 2009 budget.
Faced with a widening budget gap, O’Malley has proposed a $15.2 billion spending plan for the coming fiscal year that would reverse an earlier commitment to double future R&D tax credits. By comparison, the fiscal 2008 budget was $14.6 billion.

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