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Pension Board Votes Down Proposal to Lower Assumed Rate of Return

At this week's meeting of the State Retirement and Pension System Board of Trustees, the trustees voted down a proposal to reduce the assumed rate of return for the Pension…

Continue Reading Pension Board Votes Down Proposal to Lower Assumed Rate of Return

The Balance Beam of Maryland’s Budget

The State must balance its budget, yes. . . but how does the State budget balance according to county concerns? As this year's budget acrobatics draw to a close - the…

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New GASB Rule Good for States, Bad for Counties

An article in Governing describes the nationwide negative effect for local governments of a new GASB rule. MACo has been advocating in defense of counties on the issue. As reported…

Continue Reading New GASB Rule Good for States, Bad for Counties

Washington County Approves Budget, Holds Line on Taxes for 17th Straight Year

On May 10th, the Washington County Board of Commissioners unanimously approved an operating & capital budget totaling $300.5 million for FY 2017. This budget is an overall decrease of $3.6…

Continue Reading Washington County Approves Budget, Holds Line on Taxes for 17th Straight Year

Fiscal 2017 Budget Documents and Analysis Available on MACo Website

County details of dense budget analyses can be hard to find -- visit MACo's State Budget Documents page for pinpoint cites to key information. MACo is identifying the key sections of budget analyses and…

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Joint Committee on Pensions Reviews 2016 Legislative Proposals

In its most recent meeting, the General Assembly's Joint Committee on Pensions reviewed legislation proposed by the Board of Trustees of the Maryland State Retirement and Pension System (SRPS). This year…

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State Pension System Launches County Outreach On Liability Accounting

The State Retirement Agency will be reaching out to all counties that participate in the state retirement and pension system as members of the municipal pool. Eleven counties’ employees are…

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State Retirement Agency Provides Additional Clarification on Financial Reporting Decision

Director Dean Kenderdine shares critique of a recent Conduit Street article and insight into a State Pension Board determination.  A recent post on Conduit Street updated readers on a decision of the State Pension Board about…

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