Governor Larry Hogan announced yesterday that he would not allocate the $68 million that the General Assembly set aside for education in the fiscal 2016 budget to fully fund the Geographic Cost…
On September 15, 2015, the Calvert County Board of County Commissioners sent a letter to Maryland Senate President Thomas "Mike" Miller Jr. and other Calvert County state legislators outlining concerns over the State…
The State Retirement and Pensions System's Executive Director recently issued a revised letter to county and municipal governments, with additional detail on the Agency's guidance to local governments implementing GASB No.…
The Spending Affordability Committee, composed of members of the General Assembly and three public members, meets annually beginning in the fall to recommend a target for budget growth for each fiscal…
The Maryland legislature is currently considering a proposal from the Department of Legislative Services that would alter the way the State funds its employee pension system while freeing up additional…
As reported by MarylandReporter, the State's structural deficit, although closed for this current fiscal year and next, will recur again in two years. On Friday, the legislature's top nonpartisan staffer…
St. Mary’s County recently announced that its AA+ credit rating has been affirmed by Fitch Ratings. From the County’s press release: As part of its routine surveillance review Fitch Ratings…
A recent presentation by the Department of Legislative Services provides further explanation of the pension funding proposal adopted by the Maryland House of Delegates last night. As described in the…
