Fitch Affirms AAA Rating for Prince George’s in Advance of $270M Bond Sale

Fitch Ratings this week affirmed Prince George's County's AAA bond rating in advance of the upcoming competitive bond sale. The rating keeps borrowing costs low for capital projects and reflects the County’s sound fiscal policies, prudent long-range planning, and economic stability. Fitch Ratings assigned a AAA rating to the following Prince George's County general obligation (GOs) bonds: $271,665,000 GO consolidated public improvement bonds, series 2021A. The bonds are scheduled for negotiated sale on or about…

Comments Off on Fitch Affirms AAA Rating for Prince George’s in Advance of $270M Bond Sale
Join NACo this Week, National Membership Calls

This week, the National Association of Counties (NACo) is hosting two webinars for NACo members only. Every Maryland county is a member of the National Association of Counties (NACo), and all Maryland county elected officials and staff are invited to join NACo National Membership Calls. WHEN TO TUNE IN: Tuesday, May 11, 2021; 2:00 pm - 2:30 pm EST - Join NACo for an update on the latest news from the U.S. Treasury about the…

Comments Off on Join NACo this Week, National Membership Calls
Queen Anne’s Releases Preliminary 2022 Budget

The Queen Anne's County Commissioners have released a proposed 2022 budget that avoids tax increases for residents. The proposed FY 2022 County budget comes in at $154.4 million — a 7.3 percent increase from last year — without any tax increases. The proposed budget assumes no change to the real property tax rate $0.8471 per $100 of taxable assessed value. The County still maintains healthy levels of reserves and a triple AAA bond rating, despite…

Comments Off on Queen Anne’s Releases Preliminary 2022 Budget
May 5 Board of Public Works Meeting: What Counties Need to Know

The Board of Public Works (BPW) considered and approved the following requests and recommendations in its May 5, 2021 meeting. This is not a comprehensive list of all considerations and approvals during the meeting. Allegany A request from the Department of Natural Resources to commit a total of $7,425 from Program Open Space funding allocated to Allegany County for the following projects at Cresaptown Community Park: $5,400 to replace the roof at Opessa Field (Item…

Comments Off on May 5 Board of Public Works Meeting: What Counties Need to Know
Tax Court Upholds Reduced Rate for Wynne Refunds

The Maryland Tax Court rejected assertions that the Maryland Comptroller's decision to apply a reduced interest rate for unpaid refunds resulting from the U.S. Supreme Court’s 2015 decision in Comptroller of Maryland v. Wynne violated the Fourteenth Amendment's established right to due process, the Fifth Amendment's protection against takings without just compensation, and the prohibition on legislation impairing vested rights established by the Maryland Constitution and Maryland Declaration of Rights. The decision is the latest chapter in…

Comments Off on Tax Court Upholds Reduced Rate for Wynne Refunds
Baltimore City Exempts Some Owner-Occupied Properties from Tax Sale

Baltimore City Mayor Brandon Scott yesterday announced that all first-time owner-occupied tax liens are exempt from the City's annual tax sale later this month. The Mayor also announced additional resources for at-risk homeowners. "Today’s announcement is about being targeted and strategic in our approach to protect our legacy homeowners and center equity,” said Mayor Scott. “This is about taking the action we can take now, not simply kicking the can down the road, and working to…

Comments Off on Baltimore City Exempts Some Owner-Occupied Properties from Tax Sale
Anne Arundel Budget Proposal Invests in Schools, Public Safety, Smart Growth

Proposed budget holds the line on taxes while providing significant support for schools, public safety, and the County’s overall fiscal health. Anne Arundel County Executive Steuart Pittman today delivered his proposed fiscal 2022 budget to the County Council. The $1.87 billion budget strengthens the County’s fiscal health while investing in public safety, education, and other key community priorities. The proposed budget accomplishes these goals while keeping the local income tax rate steady and slightly decreasing…

Comments Off on Anne Arundel Budget Proposal Invests in Schools, Public Safety, Smart Growth
Cecil Announces New Round of Relief Grants

The Cecil County Office of Economic Development is now accepting applications for a second round of the County’s Spring Restaurant Relief Grant and the Hotel Relief Grant. The grant program provides critical assistance to food and beverage service providers and hotels and bed & breakfasts struggling amidst the pandemic. “Our restaurants, wineries, breweries, and lodging industry businesses have been hit hard by COVID-19,” said County Executive Danielle Hornberger. “This grant will hopefully help them sustain operations,…

Comments Off on Cecil Announces New Round of Relief Grants
Harford Announces Legislation to Protect Farmland from Development

Harford County Executive Barry Glassman this week introduced legislation to protect more than 1,500 acres in the County from development. Harford County Executive Glassman sent legislation to the County Council to protect 1,589 acres of farmland from development on Wednesday, April 28. From the press release: The legislation would bring 25 farm properties, representing 111 development rights, into Harford County’s agricultural land preservation program and fulfill requests from all qualified applicants for the first time…

Comments Off on Harford Announces Legislation to Protect Farmland from Development
Carroll Budget Proposal Targets Schools, Public Safety, Local Roads

Carroll County Director of Management and Budget, Ted Zaleski, this week presented a $686 million fiscal 2022 budget to the Board of County Commissioners. The proposal -- which keeps tax rates steady -- fully funds the Maintenance of Effort requirement for Carroll County Public Schools, invests in local infrastructure, finances key public safety initiatives, and supports community priorities. The proposed operating budget is $470.5 million, a 12.7 percent increase from fiscal 2021. Of the $53.4…

Comments Off on Carroll Budget Proposal Targets Schools, Public Safety, Local Roads
Close Menu