State Treasurer shows empathy for local governments’ current fiscal circumstances

Maryland State Treasurer, Nancy Kopp , stated in her opening remarks at the March 10 meeting of the Board of Public Works that she just returned from a meeting of the  National Association of State Treasurers held in Washington, DC where  she met with members of the Administration and Congress to discuss  issues that significantly affect the states’ fiscal conditions.  She emphasized that the state and especially local governments will not see the revenue  “upticks” for a while, even though the national economy is showing signs of stabilization.  She stated that state and local governments make significant contributions to the Gross Domestic Product and she reminded leaders that people here are “still feeling the serious pains” from this economic crisis.

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