Following is the statement by Fitch Ratings, an agency that assesses bond risk, on the effect that Montgomery County’s budget problems may have on its creditworthiness. Currently, Fitch, like Standard…
Budget and Taxes
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County Reveals Furlough Plan
3 Min Read
3 Min Read
Montgomery County Chief Administrative Officer Tim Firestine revealed the county’s furlough plan today, which calls for 80 unpaid hours off for all full-time non-public safety and non-public school employees over…
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Leggett Warns Council on Bond Rating
6 Min Read
6 Min Read
The Gazette reported this morning on County Executive Ike Leggett’s warning to the County Council about risks to the county’s AAA bond rating. We have the full text of Leggett’s…
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Pension Surprise Wrong for Montgomery County
5 Min Read
5 Min Read
By Patricia B. O’Neill, President, Montgomery County Board of Education. Last week, in a surprising move, the Maryland Senate voted to transfer hundreds of millions in teacher pension costs from…
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How to School Annapolis
7 Min Read
7 Min Read
This year was supposed to be a lean year in the statehouse. Cuts were everywhere. Furloughs and pink slips were being handed out left and right. State aid and teacher…
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MCEA Condemns Teacher Pension Shift
2 Min Read
2 Min Read
Following is a press release from MCEA opposing the shift in teacher pensions that was passed by the Senate. The release contains some pointed language directed at Senator Rich Madaleno…
1 Min Read
News Channel 8’s Bruce DePuyt interviewed Senator Rich Madaleno (D-18) about his plan to shift teacher pension obligations to the counties. Among Madaleno’s reasons for characterizing teacher pensions as unaffordable…
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Save a Little Money for a Rainy Day
2 Min Read
2 Min Read
By Marc Korman. County Executive Ike Leggett’s fiscal year 2011 budget proposal was recently released. Included was a proposal for the current fiscal year (2010) that the County tap its…
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Look Them in the Eye
3 Min Read
3 Min Read
And now we see their true colors. After frenzied lobbying by Director of Economic Development Steve Silverman, a majority of the County Council has caved in and supports a $4…
4 Min Read
The Senate’s passage of a partial handoff of teacher pensions to the counties last night – a proposal crafted by none other than MoCo Senate Delegation Chairman Rich Madaleno –…