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IDOT Study Group to Hold First Meeting on July 25

The State Department of Assessments and Taxation has recently established a workgroup to study the impacts of imposing the recordation tax on indemnity mortgages and deeds of trust.  The workgroup,…

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Rating Agencies Affirm Maryland’s Triple-A Bond Rating, But Note Fiscal Challenges

State Treasurer Nancy K. Kopp recently announced that all three bond rating agencies, Moody's Investors, Fitch Ratings, and Standard and Poor's, reaffirmed Maryland's triple-A bond rating.  This has been done…

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State Pension System Earnings Down for Fiscal 2012

While the Maryland State Retirement and Pension System reported that its fiscal 2011 returns were positive, a 20.04% performance, the System only earned .36% for fiscal 2012.  This low performance…

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Study Makes Case for Pension Systems to Invest in Equity Index Funds

A recent article in Governing, highlights a study by the Maryland Tax Education Foundation and the Maryland Public Policy Institute which found that state retirement systems are paying too much…

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State Retirement Agency Answers Questions on Its Investments

In its Annual State Retirement and Pension System's Investment Overview (2012), the Department of Legislative Services asked the State Retirement Agency to answer a set of questions on its investment…

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Report Reveals Decline in Health Preparedness Funding

As described by the Pew Center's Stateline, a new report blames lack of preparedness for public health emergencies on the federal government's reduction of disaster preparedness funds to states and…

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MACo Winter Conference Panel Discusses Maximizing Public Investments

Citizens expect prudent money management practices with optimum returns to meet public priorities.  However, this can be difficult, especially during difficult economic times.  During this session, titled "Maximizing Public Investments:…

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MACo Winter Conferene Panel Discusses School Budgeting

Preparing and funding a school system's budget has always been a complex task. However, recent Maintenance of Effort (MoE) changes and the transfer of a portion of teacher pension costs…

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