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House panel to vote on Baltimore school funding

Tuesday - 3/19/2013, 3:32pm  ET

Associated Press

ANNAPOLIS, Md. -- A Maryland House of Delegates panel is scheduled to vote on a significant financing plan to upgrade aging Baltimore schools.

The House Appropriations Committee is set to vote Tuesday afternoon on the plan.

It involves annual payments of $20 million each by the state, the city and the school system in order to pay for about $1 billion on bonds over the next 30 years.

The Maryland Stadium Authority would oversee the financing.

Aides to House Speaker Michael Busch, Senate President Thomas V. Mike Miller and Gov. Martin O'Malley have been working on the plan.

Asked about the plan Tuesday, Miller said: "We've passed third base. We're heading for home."

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