Browsing the "Peter Franchot" Tag

Rascovar: Franchot delivers bad news for Brown campaign

September 28th, 2014 | by Barry Rascovar

OUCH! That's the sound coming from Anthony Brown's campaign headquarters after hearing of a $405 million drop in expected state revenue over the next 21 months. This is bad news for the lieutenant governor's gubernatorial drive. The shrinking revenue forecast not only buoys Republican Larry Hogan's campaign, it powerfully reinforces Hogan's central theme: Maryland's budget is out of kilter and in need of serious overhaul


Md. awards $16 billion, 10-year contract for health insurance

August 13th, 2014 | by Len Lazarick

Top state officials on Wednesday approved spending $16 billion over the next 10 years on health insurance for over 200,000 state employees, retirees and their dependents. One of the largest contracts ever granted, the three-member Board of Public Works approved it at a meeting dominated by discussion of the positives and negatives of health care delivery in Maryland, including serious patient care problems at a state hospital in Hagerstown.


Photo album: Tawes Crab feast, coolest in memory, had plenty of crabs, shortage of candidates

July 17th, 2014 | by Len Lazarick

It was the coolest Tawes Crab Feast in memory. The political-social event of the summer in Crisfield on the Lower Eastern Shore is usually a scorcher in the 90s, but Wednesday was in the low 80s with cool breezes off the bay and low humidity at least at the outset. There was a peculiar lack of candidates this year, perhaps due to the June 24 primary that eliminated many of them. Here's a photo gallery of some of the folks who did show up.


Rascovar column: Election politics trumped budget realities

July 6th, 2014 | by Len Lazarick

The $77 million in budget cuts approved last week by the Maryland Board of Public Works mark the first recognition there's a price to be paid for placing election-year politics ahead of fiscal realities. It won't be the last spending pullback, either. Maryland has a serious, ongoing imbalance between its high spending habits and its lower than expected revenue receipts. Everyone knew this was coming


Treasurer, comptroller urge senators to restore $100M cut in pension funding

February 27th, 2014 | by Len Lazarick

In unusual joint testimony, Maryland State Treasurer Nancy Kopp and Comptroller Peter Franchot, chair and vice-chair of the state pension board, pleaded with Senate budgeters not to permanently cut $100 million in state payments to the retirement system. They said the cut proposed by Gov. Martin O'Malley had high long-term repercussions and undermined the state's credibility with bond rating agencies by reneging on promises made in 2011 pension reforms


At the first mile-marker in the money race for the 2014 campaign

January 19th, 2014 | by Len Lazarick

Money can't buy you love, but in campaigns, it can buy you lots of other things: attention, status, respect, advertising, mailers, staff and headlines. The candidates with the most money don't always win. But they win most of the time since they often happen to be incumbents. An incumbent in any office with solid money in the bank, high name recognition and low negatives will win


More Md. bond funding in the works

September 25th, 2013 | by Len Lazarick

The O'Malley administration on Wednesday successfully pushed to raise next year's bond authorization to $1.16 billion, $75 million more than this year, rejecting objections by state Comptroller Peter Franchot that "we're adding another Christmas tree ornament." "We can't afford it," Franchot told the Capital Debt Affordability Committee, saying it should stick to this year's bond authorization of $1,085,000,



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