Credit: AP Images
Despite Maryland spending vast sums from its rainy day fund to help address the coronavirus pandemic, the state retains its unanimous AAA bond rating, Treasurer Nancy K. Kopp said Wednesday.
The three major rating agencies also gave stable outlooks on Maryland s finances ahead of a $475 million bond sale set for Feb. 24.
Maryland is one of 13 states to have a AAA credit rating across the board, a distinction it has held since 1993.
“We are pleased that even with the many challenges Maryland faces as a result of COVID-19, the rating agencies recognize that the State’s proactive response to the pandemic, its steady commitment to prudent fiscal management, and the reserves it has built up over the last decade have helped us to weather the crisis so far, Kopp said in a statement. Furthermore, Maryland’s dynamic economy, highly educated workforce, and above-average w
Fri December 18, 2020 - Northeast Edition
The Avenue News
The
Maryland Board of Public Works (BPW) on Dec. 9 approved funding of more than $100 million toward major projects to protect the supply of drinking water for customers in the Baltimore region.
In addition, the new monies will be used to improve wastewater infrastructure in Baltimore City and Baltimore County to prevent sewage overflows and backups into homes and businesses.
One of the approved projects concerned improvements in the electrical system reliability at the Back River Wastewater Treatment Plant in Baltimore.
A grant of more than $63 million will help fund the construction of electrical improvements that are essential to support the operation of the Back River plant s headworks project, which will provide wet weather storage to protect treatment processes and relieve restrictions to reduce sewage backups and overflows.
December 16, 2020
Maryland leaders on Wednesday approved a plan to allocate an additional $250 million for the Purple Line, a massive light rail project running east to west in Prince George s and Montgomery counties.
Subscribe
The Board of Public Works voted unanimously to approve the Hogan administration s $250 million settlement with Purple Line Transit Partners, the collection of firms building the oft-delayed transit line. The vote brings the total state outlay for the project to $5.8 billion ― and a $100 million first installment of the settlement will be paid out to the transit consortium before the end of the year.
The state has officially taken over day-to-day management of the project, which runs from New Carrollton to Bethesda, and 14 different contractors are continuing to work on different phases of the construction, Transportation Secretary Greg Slater told the board members ― Gov. Lawrence J. Hogan Jr. (R), Comptroller Peter V.R. Franchot (D) and Treasurer Nan
Maryland will pay Purple Line firms $100 million by Dec 31 under legal settlement baltimoresun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from baltimoresun.com Daily Mail and Mail on Sunday newspapers.