Gov. O’Malley’s name pops up as Homeland Security contender, but his office says he’s not interested; new Transportation chief Jim Smith sees opportunities as revenue picture improves for department; O’Malley administration launches $125 million project at BWI Marshall Airport; state hikes rebates for wood and pellet stove buyers; U.S. Rep. Van Hollen opens office in Carroll; why is Tawes the King of Crab Feasts?; Attorney General Gansler, a likely candidate for governor, talks state procurement, jobs; and state Sen. Jennie Forehand to seek re-election.
Day: July 15, 2013
State keeps its AAA bond rating, but firms warn of federal cuts, pension debt
The governor and state treasurer cheered Maryland’s retention of its AAA bond ratings released Friday, and the three New York rating agencies continued their praise of Maryland’s high incomes, diversified economy and strong fiscal management.
But the agencies, which have given their top ratings to Maryland for decades, also sounded what have become routine warnings about the state’s dependence on federal spending in an era of cutbacks and sequestration. They continued to worry about the state’s high pension liabilities, particularly compared to the other eight states that also get AAA ratings.
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