November 21, 2011
The Maryland General Assembly's chief budget analyst, Warren Deschenaux, made headlines last week by advocating that the state not seek to increase its debt limit for fear that such a move could prompt one or more of the major credit ratings agencies to strip the state of its long-held AAA rating. Such a downgrade would force Maryland to pay higher interest rates on its debt and exacerbate its existing budget problems. Mr. Deschenaux is absolutely right about that, but his comments should not be misconstrued.
February 2, 2011
A bankruptcy judge approved Wednesday the sale of closed Rosecroft Raceway to casino operator Penn National Gaming for $11 million in cash over the objection of a group led by former state Democratic Party Chairman Nathan Landow. Wednesday's hearing essentially turned into another auction with last-minute maneuvering, as both parties upped their bids for the Prince George's County harness track before Penn National made its final $11 million offer. The proceedings also included the testimony of Democratic state Sen. C. Anthony Muse, who said he supports Landow Partners as the track's new owner because it would have the backing of the community and local and state lawmakers, especially when it comes to expanding gambling at the facility.
February 1, 2011
A jilted bidder is objecting to casino operator Penn National Gaming's $10.25 million purchase of bankrupt Rosecroft Raceway, arguing it had the higher and better offer at last week's auction. Landow Partners, whose principals include former state Democratic Party Chairman Nathan Landow, said the trustee overseeing Rosecroft's bankruptcy "did not exercise the appropriate business judgment and failed to obtain the maximum value" for the Prince George's County harness track, according to court documents filed Tuesday.
January 27, 2011
The nonpartisan analysis of Gov. Martin O'Malley's budget proposal backs up his most important claim, that his plan does more than balance the budget through one-time transfers, found money and other gimmicks and makes real progress toward finally aligning Maryland's revenue with its spending. Mr. O'Malley and the Department of Legislative Services disagree about exactly how big the persistent gap between revenues and expenditures is — he says the structural deficit is $1.4 billion, the department says $1.6 billion — but either way, the governor's proposal permanently addresses at least a third of that.
November 6, 2008
ANNE ARUNDEL 100% of precincts reporting Continue school board member Tricia L. Johnson in office? Yes 150,196 79% No 39,941 21% Continue school board member Teresa Milio Birge in office? Yes 147,148 79% No 40,178 21% Question A: Clarify procedures for laws returned unsigned by the county executive? Yes 101,037 48% No 107,424 52% Question B: Require County Council to nominate three of the seven Ethics Commission members? Yes 137,151 67% No 67,933 33% BALTIMORE CITY Incomplete results A: Charter amendment to create a Department of General Services Yes 139,249 73% No 50,295 27% B: Bond issue to borrow up to $43 million to build or renovate school and athletic facilities Yes 177,173 85% No 30,138 15% C: Bond issue to borrow up to $3 million to build or renovate library facilities Yes 173,943 85% No 30,005 15% D: Bond issue to borrow up to $30.5 million for the development of the city's community development program Yes 140,737 74% No 49,314 26% E: Bond issue to borrow up to $15.3 million for economic development programs Yes 137,570 71% No 56,155 29% F: Bond issue to borrow up to $16 million to develop or renovate park and recreation facilities Yes 165,602 84% No 31,413 16% G: Bond issue to borrow up to $12.5 million to purchase, build or renovate municipal buildings Yes 141,623 72% No 55,655 28% H: Bond issue to borrow up to $1 million for improvements to the Lyric Opera House Yes 128,272 65% No 69,022 35% I: Bond issue to borrow...
August 10, 2004
In Baltimore City City Council adds $34 million school bond to Nov. ballot The City Council unanimously amended an ordinance last night that will place a $34 million bond issue on November's ballot to help the public school system pay for building improvements. The amendments require the Baltimore City Public School System to spend the money as promised or seek city approval to transfer the funds for other uses. The council is scheduled to take a final vote on the bond issue ordinance at the Sept.