ANNAPOLIS, Md. (AP) — Maryland lawmakers on Thursday discussed ways to spur job growth by accelerating borrowing in the state's capital budget in upcoming years to invest in infrastructure.
It's an option that could be part of a larger strategy in the upcoming legislative session, when a gas tax increase and tax incentives are expected to be considered.
House Speaker Michael Busch, D-Anne Arundel, said the idea is to make larger investments in schools and roads sooner rather than later in order to increase jobs in the state, while taking advantage of low interest rates and competitive labor costs. After that, lawmakers plan to slow the borrowing down in later years unless new revenue sources are found.
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