Tag: spending affordability
Staff tells legislators to keep current lid on state debt
by Len Lazarick | November 14, 2013 | Governor, News | 2 |
The legislature’s fiscal staff told lawmakers Thursday that they should not follow an O’Malley administration proposal to increase Maryland’s authorized debt by $375 million over the next five years.
The staff said this is one way to reduce debt service — payments of principal and interest on the state’s bonds — that will grow by 24% in those five years. It would be the largest increase in any budget category.Read More
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