Montgomery Procurement Launches New Online Portal for Small Businesses

In recognition of May being Small Business Month, the Montgomery County Office of Procurement is launching a new online service to connect vendors with County departments. The new Vendor Innovation Portal (VIP) will allow businesses to introduce their company and more easily connect with County representatives that may be in need of their products or services. View the portal. “Vendors frequently contact me with innovative ideas that would not only improve outcomes like environmental impact,…

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Fitch Affirms St. Mary’s AA+ Bond Rating

Fitch Ratings yesterday assigned an AA+ rating to St. Mary's County's 2021 series of general obligation bonds, deeming its fiscal outlook as stable. The AA+ rating keeps borrowing costs low for capital projects, and reflects the County’s sound fiscal policies, prudent long-range planning, and robust economy. In addition, Fitch has affirmed the County’s AA+ Issuer Default Rating (IDR) and the AA+ rating on approximately $96 million of outstanding GO bonds. The Rating Outlook is Stable.…

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Fitch Affirms Washington County’s AA+ Bond Rating

Fitch Ratings yesterday assigned an AA+ rating to Washington County’s 2021 series of general obligation bonds, deeming its fiscal outlook as stable. The AA+ rating keeps borrowing costs low for capital projects, and reflects the County’s sound fiscal policies, prudent long-range planning, and robust economy. In addition, Fitch has affirmed the County’s AA+ Issuer Default Rating (IDR) and the AA+ rating on approximately $165 million of outstanding GO bonds. The Rating Outlook is Stable. On…

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Comptroller Launches Workgroup on Pandemic Spending

Maryland Comptroller Peter Franchot today announced the formation of the Comptroller’s Workgroup on Pandemic Spending, an agency-led panel that will conduct a comprehensive review of state and federal COVID-related spending. The workgroup, which was established this year by the Maryland General Assembly, will deliver a full inspection of pandemic fund expenditures, determine if the funds went to intended recipients and populations most in need, examine disparities in distribution, and identify possible predatory fraud and pandemic…

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MACo Members: Last Chance to Register – FREE Webinar on Maximizing Taxpayer Dollars

MACo Members are invited to join MACo and cashVest by three+one, for a FREE webinar on how to maximize taxpayer dollars. Tips & Best Practices for Cash/Liquidity Management Your organization’s cash/liquidity position is likely to change due to the recent passage of the American Rescue Plan Act. New liquidity data opportunities will allow your public entity to maximize value on all taxpayer dollars. This webinar will focus on how to get a clear picture of…

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2021 End of Session Wrap-Up: Finance and Procurement

The segments below provide a brief overview of MACo's work in the area of finance and procurement policy in the 2021 General Assembly.  This year the Maryland General Assembly conducted a legislative session unlike any other due to the enduring COVID-19 pandemic. The unique circumstances surrounding the 442nd legislative session, including necessary health and safety measures, posed a challenge for lawmakers and advocates alike. Despite the unusual circumstances, MACo’s advocacy still led to more positive…

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CDC, HHS Announce Grant Programs to Improve Vaccine and Health Equity

The Centers for Disease Control and Prevention (CDC) and Health and Human Services (HHS) in recent weeks have announced multiple grant programs that aim to improve equity in COVID-19 treatment and vaccine access. Counties may apply directly for these grant programs prior to the deadlines later this month. A list of eligible applicants and estimated funding award amounts is available here. Applications for the grants are due April 30, 2021. According to the National Association…

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MACo Member Webinar: Tips & Best Practices for Cash/Liquidity Management

MACo Members are invited to join MACo and our new partner, cashVest by three+one, for a webinar on how to maximize cash liquidity. Tips & Best Practices for Cash/Liquidity Management Your organization’s cash/liquidity position is likely to change due to the recent passage of the American Rescue Plan Act. New liquidity data opportunities will allow your public entity to maximize value on all taxpayer dollars. This webinar will focus on how to get a clear…

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MACo Partners with cashVest by three+one to Help Counties Maximize the Value of Financial Resources

MACo proudly announces our newest endorsed partner, cashVest by three+one, who will help Maryland counties leverage new data capabilities to maximize the value of available financial resources. With federal relief funds incoming, counties should not miss this opportunity to exercise best practices and build on liquidity. cashVest complements current public finance practices and, because three+one is neither a bank, registered investment advisor, or financial advisor, it provides the confidence that your entity is receiving independent,…

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Mayor Scott Announces Reform of City Procurement

Earlier this week, Baltimore Mayor Brandon Scott announced plans to reform the City's procurement process with a focus on equity.  Mayor Scott is fulfilling his promise to reform procurement operations in the city. The process began with a set of recommendations from the Mayor's transition team to revise procurement to increase transparency, small business access, timely vendor payment, and more. To start reforms, the administration is issuing a request for proposals (RFP) for a comprehensive…

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