ANNAPOLIS - Lawmakers will have several options for the state's nearly $1 billion surplus when the Maryland General Assembly convenes today, a budget analyst said Tuesday.
And state forecasters are predicting the money will continue to roll in.
"That's a nice situation to be in," Warren G. Deschenaux, the legislature's budget analyst, told Republican delegates and senators Tuesday.
The influx of cash is largely due to growth in capital gains and state income taxes, he said.
Number crunchers are still working on the details of Gov. Parris Glendening's 2001 budget, which probably will be unveiled next week.
The surplus likely will be used to address any of three major needs, Deschenaux said.
One would be to boost the state reserve fund. If a recession hits, the current 5 percent reserve would only hold for a year, he said.