All Three Rating Agencies Give Prince George’s County a AAA Bond Rating

For the first time, Prince George's County has received a AAA bond rating from the three major Wall Street rating agencies.  Standard and Poor's gave the county its first AAA rating in 2008, and Moody's Investor Services followed with a AAA? in 2010.  Fitch Ratings was the last agency to do the same.  According to Gazette.net: Analysts with Fitch Ratings announced May 27 that they upgraded their rating on the county from AA+ to AAA,…

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Prince George’s County Council Approves FY 2012 Budget

The Prince George's County Council approved a $2.7 billion budget that slightly reduces funding to education but maintains funding for key school programs.  As reported by the Washington Post: With the new budget, council members also allocated funds for an economic development fund and for road repairs, new police and fire recruits, and a one-time $750 bonus for county employees.The public school system receives the single largest share of the county budget: Spending on the…

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Prince George’s County Rejects Raises, May Provide One-Time Bonus

As reported by the Washington Post,  Prince George's County Executive Rushern Baker and the County Council may have struck a deal to provide one-time bonuses to approximately 6,000 employees instead of a 2% raise that would benefit 1,500 employees. In a 5 to 3 vote Tuesday, the council voted down a 2 percent raise for about 1,500 county employees who are members of the American Federation of State, County and Municipal Employees. But in private…

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State Budget Decisions Pose Challenges to Prince George’s County FY 12 Schools Budget

The Gazette is reporting that Prince George's County Council Chair Ingrid Turner is requesting additional meetings with General Assembly representatives from the county to discuss county budget shortfalls created as a result of state decisions on pensions and school aid to local governments. The county council learned during a budget briefing Tuesday that Prince George's is expected to get between $6 million and $14 million in additional state aid; the county had sought about $20.9…

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