Tag: Nancy Kopp
State Roundup: BPW spares millions from cuts, but ...
By Cynthia Prairie | July 2, 2020 | State Roundup | 0 |
Md.’s top economist: Projected general-fund ...
By Bryan Renbaum | May 14, 2020 | COVID-19, News | 0 |
Rascovar: Procurement disgrace in Annapolis
By Maryland Reporter | April 19, 2015 | Commentary, News | 6 |
O’Malley’s final BPW meeting — s...
By Len Lazarick | January 8, 2015 | Annapolitics Blog, News | 1 |
Franchot: ‘We are still $600 million or $700 million less than what we should have been pre-pandemic’
by Bryan Renbaum | December 13, 2020 | COVID-19, News | 0 |
MarylandReporter.com spoke with Comptroller Peter Franchot on Friday afternoon following a Board of Revenue Estimates meeting in which the board unanimously voted to slightly increase the state’s revenue projections for FY 2021 and FY 2022. The board previously met in September and is comprised of Franchot, Treasurer Nancy Kopp and Budget Secretary David Brinkley.Read More
State Roundup: BPW spares millions from cuts, but Hogan warns $205M still must go
by Cynthia Prairie | July 2, 2020 | State Roundup | 0 |
BPW spares millions from cuts, but Hogan warns $205M still must go.Read More
Md.’s top economist: Projected general-fund revenue loss may not be as bad as was expected
by Bryan Renbaum | May 14, 2020 | COVID-19, News | 0 |
State Comptroller Peter Franchot calls the projections by Andy Schaufele, director of Maryland’s Bureau of Revenue Estimates, an “economic nightmare.”Read More
Rascovar: Procurement disgrace in Annapolis
by Maryland Reporter | April 19, 2015 | Commentary, News | 6 |
Maryland’s system of contracting for services through competitive bids is in shambles. It has been that way for years — and is getting worse. It’s an embarrassment to taxpayers. Yet a long list of procurement debacles hasn’t been enough to spur sweeping reforms.Read More
O’Malley’s final BPW meeting — smiles, applause and budget cuts
by Len Lazarick | January 8, 2015 | Annapolitics Blog, News | 1 |
Twice a month for eight years, Gov. Martin O’Malley has presided over the Board of Public Works. Its three members all describe it as a unique institution in American state government where three independently elected state officials get to review every major government contract and purchase, from health insurance and prison food service to university dorms and wetland permits. Wednesday was O’Malley’s last session as governor, and at Comptroller Peter Franchot’s suggestion, the audience gave O’Malley a standing ovation.Read More
Board of Public Works approves more gaming machines and worries about Balto. Metro safety
by Maryland Reporter | October 15, 2014 | News | 0 |
The Board of Public Works approved a $200 million contract for gaming machines at the state’s two smallest casinos and also worried about safety on Baltimore’s metro system during its Wednesday morning meeting.Read More
Treasurer, comptroller urge senators to restore $100M cut in pension funding
by Len Lazarick | February 27, 2014 | News | 2 |
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.Read More
Barry Rascovar: O’Malley’s latest pension grab
by Len Lazarick | February 9, 2014 | General Assembly, Governor, News | 5 |
It takes quite a bit for the quiet, diplomatic State Treasurer, Nancy Kopp, to criticize her fellow Democrat, Gov. Martin O’Malley. But she gently laid it on the line in opposing O’Malley’s $100 million budget cut for state pension contributions.
“It’s a question of trust,” Kopp saidRead More
More Md. bond funding in the works
by Len Lazarick | September 25, 2013 | News | 3 |
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 $1,085,000,000.Read More
Md. pension system earns 10.6% on investments
by Len Lazarick | July 17, 2013 | News | 1 |
The Maryland state pension system achieved a 10.6% return on its investment portfolio for the fiscal year that ended June 30, bringing the fund assets to a total of $40.2 billion, Chief Investment Officer Melissa Moye told the pension trustees Tuesday.
The return exceeded the system’s target of 7.75% annual return, and was far better than the dismal results of less than 1% for fiscal 2012.Read More
Group home founder protests state rejection of renewed funding
by Len Lazarick | June 13, 2013 | News | 0 |
REVISED AND CORRECTED: The Maryland Board of Public Works on Wednesday approved 44 new contracts for child residential care services in locations throughout Maryland totaling over $364 million over five years.
But one Montgomery County provider did not win an award for a group home that the state and Montgomery County have previously invested in, virtually ensuring the foreclosure of the Sandy Spring group home, its founder said .Hattie Washington of Aunt Hattie’s Place Inc. vociferously protested the lack of funding.Read More
Pension system advisor ‘very disappointed’ in legislative cut in contribution
by Len Lazarick | April 17, 2013 | News | 3 |
The outside advisor for the Maryland pension system told its Board of Trustees Tuesday that he was “very disappointed” that the legislature reduced the state’s payment into the retirement fund by $100 million in budget action this month. The money comes from $300 million in added contributions of state employees and teachers passed in 2011. It is being set aside for the possible federal budget cuts from sequestration.Read More
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