While avoiding layoffs, Markell is calling for an 8 percent pay cut for state employees, which administration officials say would save $92 million. Overall, the administration wants lawmakers to approve about $330 million in cuts.
Markell's proposed tax increases total about $166 million. They include raising the cigarette tax by 45 cents, the alcohol tax by 50 percent, and the top personal income tax rate by 1 percent. Increases in the corporate franchise, gross receipts and public utility taxes also are being proposed.
CLICK HERE to follow Action News on Twitter
CLICK HERE to get Action News on your website
CLICK HERE to find Action News on Facebook