Credit Warnings Continue as MD Capital Debt Committee Prepares Recommendation
Staff from the Maryland State Treasurer's Office shared credit rating agency concerns with the Maryland Capital Debt Affordability Committee ahead of vote on final debt recommendations this Friday. Warnings stem from weak economic growth, projected structural deficits, and low reserves relative to peer states. During the second meeting of the Maryland Capital Debt Affordability Committee (CDAC) members were briefed on current general fund revenue estimates, the taxable property base, capital needs, the state credit ratings,…