Charles Retains Three AAA Bond Ratings

Charles County last week announced that the three major bond rating agencies have reaffirmed the County's AAA bond rating. The ratings from Fitch, Moody’s, and Standard & Poor’s reflect the County’s strong financial position and economic stability. “This achievement demonstrates the Board of Commissioners is delivering on its commitment to prudent financial management, which earns not only the confidence of the bond market, but of our citizens,” said Commissioner President Reuben B. Collins, ll, Esq. The…

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Fed Cuts Interest Rate for Third Time This Year

The Federal Reserve today lowered its benchmark interest rate by 25 basis points, the third time this year the central bank has cut rates in an attempt to insulate the United States economy from a potential global slowdown. The new interest rate is now 1.50 percent to 1.75 percent, according to a press release. The Fed said it continues to see a continuation of economic growth, a robust labor market, and inflation near 2% as “the most…

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GBC 2019 Economic Outlook Conference – November 5 in Baltimore

Get your tickets now for the Greater Baltimore Committee’s annual Economic Outlook Conference! Join the GBC as they hear from top experts on the state of the Mid-Atlantic region and Maryland’s economy.  Speakers will discuss the present economic growth outlook and what’s on the horizon for 2020. Speakers include: Tom Barkin – President and CEO, Federal Reserve Bank of Richmond Andrew M. Schaufele – Director of the Bureau of Revenue Estimates, Comptroller of Maryland Bernard…

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GFOA Webinar: Financial Foundations for Thriving Communities

The Government Finance Officers Association (GFOA) will host the "Financial Foundations for Thriving Communities: Putting It All Together" webinar on Thursday, October 24th, at 2:00 pm. This is the final session of a GFOA webinar series on how local governments can use the Financial Foundations Framework to facilitate collaboration and support for public policies and programs. According to GFOA: Financial Foundations for Thriving Communities: Putting It All Together Date and Time: October 24, 2019 - 2:00pm…

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Gardner’s State of the County Address Focuses on “Liveable Frederick”

The state of Frederick County is strong, vibrant, and on the move, County Executive Jan Gardner said during her annual State of the County Address last week. “Livable Frederick lays the foundation for our bright future so we can make life better for the people who call Frederick home,” County Executive Gardner said. “We’ve embraced our rich history, invested in our people and places, and taken care of our citizens. We are leading the way…

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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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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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MDTA Releases Report on Toll Modernization Proposal

The Maryland Transportation Authority (MDTA) today released a report detailing public feedback on a package of proposals to modernize toll facilities. Governor Larry Hogan in July directed the MDTA to explore new tolling options in order to reduce costs and cut tolls. MDTA's toll modernization proposal includes a new toll payment method (Pay-by-Plate), reduced toll rates for new and expanded vehicle classifications, and discounts for early payment of video tolls (Pay-by-Invoice). According to the report:…

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Howard Courthouse Project Wins Three International P3 Awards

County Executive Calvin Ball today announced three P3 Award wins for the new Howard County Circuit Courthouse project. Now in its sixth year, the P3 Awards is one of the largest events in the Americas recognizing and rewarding the best in public-private partnerships (P3) from around the world. As previously reported on Conduit Street, the County broke ground on the new 238,000 square foot facility last June. The new courthouse is the County's first P3…

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Fed Slices Interest Rate for Second Time this Year

The Federal Reserve today lowered its benchmark interest rate by 25 basis points, the second time this year the central bank has cut rates in an attempt to insulate the United States economy from a potential global slowdown. The new interest rate is now 1.75 percent to 2 percent, according to a press release. The Fed said it continues to see a continuation of economic growth, a robust labor market, and inflation near 2% as “the…

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