Maryland lawmakers will be wrestling with a bigger budget problem than they expected, after officials revised the state’s revenues down by about $238 million on Thursday for the current fiscal year and the next.
Maryland officials are holding a first-ever savings summit.
A Maryland board has approved a $149,000 contract to hire a contractor to study the state’s procurement process for contracts.
Maryland’s treasurer briefed Gov. Martin O’Malley on Wednesday about a credit rating agency’s concern over the state’s unresolved budget situation, telling the governor that Moody’s Investor Services wants to be kept informed about developments.
Maryland’s triple-A bond rating has been affirmed by all three bond rating agencies in preparation for the upcoming sale of general obligation bonds next month.
Former Maryland Public Service Commissioner Susanne Brogan is now deputy treasurer of public policy in Treasurer Nancy Kopp’s office.
Maryland completed its effort to borrow $512.4 million Wednesday by selling general obligation bonds, getting a good response from investors despite the financial uncertainty churning around the debt limit debate in Washington.
Maryland Treasurer Nancy Kopp says the opening of a $718 million bond sale is being postponed because of the debt ceiling debate in Washington.
Maryland Treasurer Nancy Kopp will give a briefing to a state panel on public funds.
Maryland Department of Juvenile Services Secretary Sam Abed says the department will bring large contracts needed to run the agency to state officials to review in a more timely manner.
The Maryland General Assembly has decided who the state treasurer will be.