Day: February 2, 2014

State treasurer Kopp opposes O’Malley’s $100M cut in Md. pension contribution

State treasurer Kopp opposes O’Malley’s $100M cut in Md. pension contribution

State Treasurer Nancy Kopp told lawmakers Thursday that she opposed Gov. Martin O’Malley’s proposed $100 million cut in the pension contribution, and said it would undermine trust by the state’s bond rating agencies.

“I think this is a very difficult thing to defend with the rating agencies,” Kopp told the House Appropriations Subcommittee on Public Safety and Administration.

Rascovar column: Do-gooders know best about wages

Raising the minimum wage is all the rage among liberal Democrats and liberal advocacy groups. Listening to them it’s clear a much higher minimum will dramatically close the income inequity gap. Columnist Barry Rascovar explores the downside of upping the minimum wage, and offers a better alternative.

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