Calvert Earns Three AAA Bond Ratings for Sixth Consecutive Year

Calvert County earned AAA bond ratings from the three major bond rating agencies for the sixth year in a row. The ratings from Fitch, Moody’s, and Standard & Poor’s keep borrowing costs low and reflect the County’s strong economy, robust revenues, and sound financial management. “This sixth consecutive assessment of top credit ratings for Calvert County is a testament to our fiscal stewardship,” said BOCC President Earl F. “Buddy” Hance. “It affirms our commitment to…

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Join NACo for the Latest on the Delta Variant

Join the National Association of Counties (NACo) for a webinar Tuesday, November 2, 3:00 PM – 4:00 PM EST to hear the latest on the delta variant and how counties can use American Rescue Plan Act (ARPA) funds to address the public health emergency. As public health officials track the surge of the Delta variant, counties are also poised to take steps to reduce transmission and protect our communities. NACo will be joined by Dr.…

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Harford Reports Record Budget Surplus

Harford County Executive Barry Glassman Announces Record $58 Million Budget Surplus Harford County finished the 2021 fiscal year with a record budget surplus driven primarily by stronger-than-expected income tax revenue and efficient government spending. Overall revenue was up 9.6% over fiscal 2020, reflecting a resilient local economy. “I am proud that Harford County government stayed open every day to serve our citizens through the pandemic, while managing our money wisely and supporting the small businesses…

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Winter #MACoCon Details Are Here – View the Registration Brochure!

MACo’s Winter Conference, “Time to Reboot: Tomorrow’s Tech Today,” on Dec 8-10, 2021, will bring together more than 600 leaders in the private and public sectors to discuss how to prepare for the changes on the horizon in Maryland.  View the Registration Brochure to see the full schedule, along with session titles and descriptions. Topics to be discussed include: Diversity, Equity, and Inclusion Cannabis Broadband Social Media 2022 General Assembly Opioids Post-Pandemic Workplace Highway User Revenue…

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Anne Arundel Earns Award for Excellence in Financial Reporting

The Anne Arundel County Office of Finance earned the Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association (GFOA) of the United States and Canada. The Certificate of Achievement, which recognizes the County's financial report for fiscal 2020, is the highest form of recognition in governmental accounting and financial reporting and demonstrates the County's commitment to transparency. https://twitter.com/AACoExec/status/1450901593528885253 The GFOA, founded in 1906, represents public finance officials throughout the United States…

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Treasury Updates ARPA Reporting Requirements

The U.S. Department of the Treasury is extending the deadline for counties to submit the first round of Project and Expenditure reports for American Rescue Plan Act (ARPA) funds. The Coronavirus State and Local Fiscal Recovery Funds (SLFRF) Program provides a substantial infusion of resources to communities working to turn the tide on the pandemic, address its economic fallout, and lay the foundation for a strong and equitable recovery. Counties that receive funding from the…

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ARPA Explained: A Recap of MACo’s 2021 Fall Symposium

On Wednesday, September 29, MACo held its 2021 Fall Symposium at the Blue Heron Center in Annapolis's Quiet Waters Park. Numerous county leaders, including several elected officials and local budget officers, traveled from across Maryland to discuss the American Rescue Plan Act (ARPA) with state officials and nonprofit representatives, as well as one another. The Rural Maryland Council also presented on the expansion of broadband in rural communities. The event was moderated by Chris Trumbauer, former…

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Cecil Refinances Debt, Saves Millions

County Executive Danielle Hornberger this week announced that Cecil County successfully refinanced approximately $115 million in bonds at significantly lower interest rates, saving taxpayers up to $28.5 million in debt service payments. According to a County press release: The County’s General Obligation Public Improvement Bonds’ interest rate was reduced from 3.47% to 2.03% and the County’s General Obligation Consolidated Refunding Bonds’ interest rate was reduced from 3.47% to 2.11%. “I am happy to announce that…

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City Charts Path to Tax Sale Reform, Will Purchase 450+ Owner-Occupied Liens

While outlining plans for equitable reform, Baltimore City will purchase hundreds of liens on owner-occupied tax sale properties. Baltimore City Mayor Brandon Scott announced the City's short- and long-term strategy for comprehensive tax sale reform, prioritizing immediate relief to owner-occupied properties facing tax sale. Today's announcement follows the Mayor's decision in May to remove first-time owner-occupied liens from the annual tax sale. As part of its commitment to protecting legacy residents, Mayor Scott said the…

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