Carroll Sells Bonds at Record-Low Interest Rates
County Budgets / County News / Finance and Procurement
Carroll Sells Bonds at Record-Low Interest Rates

Carroll County this week sold $70 million of bonds at historically low interest rates, a direct reflection of the County's recent AAA credit rating from all three major financial rating agencies. Comptroller Robert Burk said the new bonds were sold at an interest rate of 2.19%. The interest rate on refinanced debt — 1.39% for tax-exempt and 2.27% for taxable bonds — will save the County over $5 million. “We are thrilled to receive the…

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October 18, 2019
Montgomery Earns Three AAA Bond Ratings
County Budgets / County News / Finance and Procurement / News You Can Use
Montgomery Earns Three AAA Bond Ratings

Montgomery County Executive Marc Elrich and County Council President Nancy Navarro announced that the three major bond rating agencies this week reaffirmed the County’s AAA bond rating. The ratings from Fitch, Moody’s, and Standard & Poor’s reflect the County's status as one of the top-rated issuer of municipal securities. “We view the county's management as very strong, with strong financial policies and practices under our FMA methodology, indicating financial practices are strong, well embedded and likely…

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October 18, 2019
Local Bill Aims to Close “Teardown Loophole” in Montgomery County
County Budgets / County News / Education / Housing and Community Development / Taxes and Revenues
Local Bill Aims to Close “Teardown Loophole” in Montgomery County

Montgomery County Council Member Evan Glass yesterday introduced the Housing Impact Fairness Act –– legislation aimed at raising money for affordable housing and school construction –– by closing the "teardown loophole.” https://twitter.com/MoCoCouncilMD/status/1184210415636615171 The bill would create an excise tax on the demolition or partial demolition (i.e., "teardown") of single-family homes and expand the applicability of the development impact tax for public school improvements. Council Member Glass says the proposal would raise $100 million over the next…

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October 16, 2019
Frederick Announces 2021 Community Partnership Grant Program
County Budgets / County News / Health and Human Services / Housing and Community Development
Frederick Announces 2021 Community Partnership Grant Program

Frederick County Executive Jan Gardner this week announced the opening of the application process for the FY21 Community Partnership Grant program. The program awards competitive grants to non-profit organizations serving the needs of county residents. “I am proud to restore our long-standing partnerships with our local human service nonprofit providers,” County Executive Gardner said. “Together, we leverage our efforts to provide effective services and to make sure everyone shares in our community’s prosperity.” According to…

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October 16, 2019
Baltimore County Announces $16 Million for School Air Conditioning
County Budgets / County News / Education / School Construction and Capital Budgets / State Budget and Fiscal Issues
Baltimore County Announces $16 Million for School Air Conditioning

With several Baltimore County schools closed today due to excessive heat, County Executive Johnny Olszewski announced that the County will provide up to $16 million in matching funds for air conditioning and heating units in schools that do not have air conditioning. The county funds will be matched by $13.4 million in state funding awarded by the Maryland Interagency Commission on School Construction’s Healthy School Facility Fund. According to Baltimore County Government: Although Baltimore County…

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October 2, 2019
Washington County OKs New Board of Elections Facility
Image courtesy of Washington County Government
County Budgets / County News / Elections
Washington County OKs New Board of Elections Facility

The Washington County Board of County Commissioners today approved the purchase of a facility to serve as a consolidated site for the local board of elections. The approval includes a budget adjustment of $1.4 million — $1.25 million for the purchase of the facility and $150,000 for limited renovations. The site provides plenty of space for early voting, board offices, training, and equipment storage. "Befitting of the location, the facility, and unanimous vote of favor by…

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September 24, 2019
County Budgets / County News / Taxes and Revenues
Anne Arundel Receives $18.8 Million in Local Impact Grants

The Cordish Companies’ Live! Casino & Hotel and the Anne Arundel County Local Development Council (LDC) awarded more than $18.8 million in local impact and community grants to local organizations for FY 2020. State law requires Maryland Live! to reserve 4.51% of its video lottery terminal (VLT) revenue to help pay for infrastructure, services, and community initiatives in the area surrounding the casino. The LDC serves as an advisory council to the County as it…

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September 24, 2019
Frederick Receives $5.5 Million Grant to Hire More Firefighters
County Budgets / County News / Public Safety and Corrections
Frederick Receives $5.5 Million Grant to Hire More Firefighters

Frederick County was recently awarded a $5,498,585 grant to pay for 38 additional career firefighter positions, which will reduce response times and enhance firefighter and public safety throughout the County. The grant is part of the U.S. Department of Homeland Security’s Staffing for Adequate Fire and Emergency Response (SAFER) program. “This is fabulous news for Frederick County,” said County Executive Jan Gardner. “The SAFER grant helps us to meet the needs of our growing community.…

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September 23, 2019
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