Browsing the "Peter Franchot" Tag

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,


Upbeat O’Malley, downbeat Franchot at opposite ends on Md. economy

September 20th, 2013 | by Len Lazarick

At the hot high-tech end of the Maryland economy Thursday, Gov. Martin O'Malley was cutting a ribbon to open a spiffy renovated building for cybersecurity firm Accuvant in Elkridge and hoping that Friday's employment figures would show Maryland had regained all the jobs it lost since 2008. Seven miles away at Paul's Restaurant in Arbutus, Comptroller Peter Franchot was addressing representatives of not-so-hot legacy businesses and talking about "a sluggish economy" with "very poor wage growth" that led to Tuesday's write-down of state revenue estimates for next year.


Audit finds state tax information not always verified, refund checks not controlled, sensitive taxpayer information not protected

September 10th, 2013 | by Len Lazarick

The agency that collects most Maryland taxes had lax controls over granting tax credits and refund checks, and in one case issued a $101,000 refund that wasn’t due, state auditors found. The comptroller’s Revenue Administration Division also had computer programming errors and did not adequately protect sensitive taxpayer information, according to an audit report



Back to Top ↑