The Capital Debt Affordability Committee holds the first of three annual meetings in the process of recommending a level of capital debt for the State.
At the first CDAC meeting of the year, Secretary Brinkley, Treasurer Kopp, Comptroller Franchot, and members of the Committee heard reports on the status of General Obligation (GO) Bond Status, Debt Projections, the Impact of Federal Tax Cuts, General Fund Estimates, 2019 Assessments & Taxation Base Revenue Estimate, Capital Program, and Public School Construction Program.
The agenda was completed quickly without much additional discussion. The next CDAC meeting will be Thursday, October 10. The presentations on the agenda are: Transportation Bonds, Garvee Bonds, MD Stadium Bonds, Bay Restoration Bonds, Capital Leases, and the Debt of the Higher Education Institutions.