With budget problems threatening to burgeon in Annapolis, state lawmakers are considering holding the line on any new initiatives projected to cost more than $250,000.

The fiscally restrained stance comes as the General Assembly braces for updated revenue estimates that are expected to be released Thursday. Those figures could show that lawmakers need to cut $300 million or more from the governor’s proposed budget.

While O’Malley’s proposals might be exempt from the quarter-million dollar limit, some of his initiatives -- which are projected to cost tens of millions of dollars -- could be pared back substantially. Possible initiatives on the chopping block: A Chesapeake Bay cleanup fund and programs intended to expand access to health insurance.