Cecil, CCPS Collaborate On Innovative School Construction Approach

Cecil County and Cecil County Public Schools (CCPS) have made significant progress in their collaborative planning efforts for the new North East Middle School construction project. An exciting outcome of these discussions has been the growing interest of both the County and the school system to expand construction to also include North East High School as part of the project. This would create a comprehensive grade 6-12 middle/high school complex on property the County recently…

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Baltimore County, BCPS Unveil Plan to Invest $2.5 Billion in Capital Improvements Across All Schools

Baltimore County and Baltimore County Public Schools today released updated recommendations for the County’s Multi-Year Improvement Plan for All Schools (MYIPAS), developed by CannonDesign, a nationally recognized architecture and planning company. Under the updated recommendations, every school in Baltimore County would receive equitable capital improvements within 15 years and could be completed without any additional revenue increases. “Every child and every educator deserves a modern, safe, and supportive learning environment. These recommendations from CannonDesign provide a…

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School Construction Work Group Kicks Off

A new Workgroup on the Assessment and Funding of School Facilities convened its first meeting today, reviewing recent efforts and discussing its charge and 2021 schedule. SB 551 passed during the late stages of the 2021 legislative session, among other things creating the Workgroup on the Assessment and Funding of School Facilities, tasked with evaluating multiple components of school construction projects and conditions by the end of this year. For more background on the Workgroup…

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Feds Sign Off on Last Wave of ESSR School Funds

The final installment of federal Elementary and Secondary School Emergency Relief funds, part of the American Rescue Plan Act (ARPA), have been approved and distributed nationwide. The Elementary and Secondary School Emergency Relief (ESSR) funding was a major component of the federal rescue legislation, and its delivery marks federal approval of a wave of state and local plans for its deployment. Details on the program, its allocation, and distribution, are available on the US Department of…

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Prince George’s Breaks Ground on Six New Schools

Prince George's County Executive Angela Alsobrooks and Prince George's County Public Schools Chief Executive Officer Dr. Monica Goldson this week announced the start of construction on six new schools to address growing enrollment, a middle school seat deficit, and rapidly aging buildings. Prince George's County Public Schools is the first school system in the nation to leverage a full-scope alternative financing model to design, build, finance, and maintain a multi-school construction program. While It typically…

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School Construction Process, Incentives Gets Another Work Group

The passage of SB 551 from the 2021 session, heavily amended in the session's final days, includes provisions for a new Workgroup on the Assessment and Funding of School Facilities. SB 551 followed a circuitous path to passage this session, but ultimately will refine various provisions of the recently-passed Built to Learn Act (to accelerate school construction funds by leveraging receipts from casino facilities). Along the way, a Senate-supported compromise to create a work group…

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Climate Study Eyes Major Cooling Costs for MD School Buildings

Projections of more high-temperature days in the next several years suggest daunting costs for Maryland school buildings. Deep coverage of the study is on the Maryland Matters site: As climate change leads to hotter days across the country, the cost of cooling public school buildings grows higher. New research estimates that more than 280 Maryland public schools that did not need air conditioning in 1970 could have to spend $818 million to install new heating…

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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…

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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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