As another special session grows more likely, Prince George’s casino opponents ratchet up campaign and some hit hard with ads claiming casino partners have ties to organized crime; state certifies enough signatures to put redistricting on the ballot; PSC grants Pepco a small rate hike; state job losses high in June; Maryland DREAM Act proponents hope Obama’s action will spur passage; state law loophole prevents some sex offense prosecutions; Wendy Rosen hopes to get a Libertarian on ballot in First District congressional race; and U.S. Rep. Roscoe Bartlett to skip GOP national convention to campaign.
Day: July 23, 2012
Maryland retains triple-A bond rating, but pension liabilities and federal cuts cloud future
The big three New York bond rating agencies last week again affirmed Maryland’s almost sacred triple-A bond rating, attributing the decades-old stamp of approval to a strong economy, high incomes, prudent fiscal management and a willingness to raise taxes. But as they have for recent bond issues, the three agencies said the state government continues to face financial challenges from its above-average pension liabilities and likely federal budget cuts, along with an increasingly sluggish economy.
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