Governments face sizable shortfalls in funding retiree health insurance liabilities. The financial services firm Standard & Poor's recently released a report detailing state government long-term liabilities for OPEB ("other post-employment…
As Mayor Stephanie Rawlings-Blake steps down from office on December 6, her work putting the city on solid fiscal footing deserves proper attention, reports The Baltimore Sun. Homeowners received tax cuts,…
The General Assembly has adopted a budget provision that would provide almost $19 million to local school boards towards additional pension costs in 2017. The extra state funding would account for the…
The recent state decision not to spend $80 million that the Maryland General Assembly had fenced off for specific budget areas may have an impact on counties' credit, reports The Baltimore Sun.…
In his announcement releasing his fiscal 2018 budget, Governor Larry Hogan touted that it "responsibly holds the line on spending, provides record investment in education, and allocates $1 billion in…
Anne Arundel County Council members on Monday voted down a change to the Rural Conservation Act that would have incorporated the Mayo peninsula into the bill's proposed conservation area. Mayo…
MACo Executive Director Michael Sanderson, testified in support of HB 934, Teachers' Retirement and Pension System - Employer Contribution for Local Employees, to the House Appropriations Committee on March 1,…
A budget analysis by the Maryland Department of Legislative Services reveals a $30 million difference between the actual costs of teacher pensions in FY 2017 and a previous estimate. The local share…
