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Editorial from The Aegis | February 28, 2013
Drawing parallels between government spending policy and household finances has its perils. There's an extraordinary difference in scale, for one thing. And there's the matter that people will often argue against government debt on the grounds that debt amounting to three or four times household income is financially crippling, even though just about everyone who owns a house and a car is carrying at least that much debt. A few realities of debt and finance, however, apply to every situation involving money.
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Editorial from The Aegis | February 28, 2013
Drawing parallels between government spending policy and household finances has its perils. There's an extraordinary difference in scale, for one thing. And there's the matter that people will often argue against government debt on the grounds that debt amounting to three or four times household income is financially crippling, even though just about everyone who owns a house and a car is carrying at least that much debt. A few realities of debt and finance, however, apply to every situation involving money.
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NEWS
By Melody Simmons and David Michael Ettlin and Melody Simmons and David Michael Ettlin,Sun Staff Writers | April 7, 1994
The Sexual Assault Recovery Center has asked for emergency grants from Baltimore City and the state and yesterday laid off several workers because of a financial crisis that threatened its ability to remain in business.Government officials said the Baltimore nonprofit rape-crisis counseling center received a one-time emergency grant of $6,000 from the city Thursday, and was awaiting word on other financial help from the state Department of Human Resources.Joyce Knox, a Baltimore lawyer who chairs the SARC board, did not return phone calls to comment on SARC's fiscal crisis yesterday.
NEWS
By John Fritze and Andrea Siegel, The Baltimore Sun | February 6, 2013
President Barack Obama slipped into Annapolis Wednesday for a private meeting with U.S. Senate Democrats focused on the nation's latest fiscal crisis - a visit that temporarily closed roads and a handful of businesses a mile from the Maryland State House. The president met for about two hours with senators gathered at the Westin Annapolis for their annual retreat. The meeting, which began Tuesday, was an opportunity for lawmakers to discuss strategy for the coming year and also to meet with Gov. Martin O'Malley, who many believe will seek the party's presidential nomination in 2016.
NEWS
By John Fritze, The Baltimore Sun | March 30, 2012
State Sen. David Brinkley, who is running for the Republican nomination in Maryland's 6th Congressional District, is airing the first television ad of his campaign Friday. The 30-second spot takes aim at incumbent Rep. Roscoe G. Bartlett without mentioning him by name. "Our fiscal crisis was caused by incumbents -- our incumbent, too. Enough is enough. " Brinkley, of New Market, is running against seven other Republicans, including Bartlett, in the April 3 primary. The campaign said the ad will continue through the election.
NEWS
By Erin Cox, The Baltimore Sun | January 29, 2013
Now that Maryland's budget has weathered the fiscal crisis, advocates for improved mental health services contend that money should be funneled their way. More than 200 people attended an Annapolis rally Tuesday to call for more spending on statewide mental health services to better deal with crises and to ensure that no patients fall through the cracks. State Sen. Richard S. Madaleno Jr., a Montgomery County Democrat, told the crowd he was drafting the Mental Health Safety Act of 2013, which will call for mental health services in every school, create housing opportunities for low-income residents with mental illnesses and address mental health needs of people in jail, among other provisions.
NEWS
May 19, 1991
After much hand-wringing and soul-searching, the Montgomery County Council last week signed off on a $1.58 billion 1992 spending blueprint that is both responsive and responsible. A workable, if painful, blend of tax hikes and judicious spending cuts has produced a balanced budget that unduly penalizes neither taxpayers nor government employees.This was made possible by much cutting and pasting dominated by a $23.5 million tax package that will cost county households less than $50 a year.
NEWS
June 19, 2012
J. Michael Collins and Roz Heid's critical letters on Councilwoman Mary Pat Clarke's Monday statement regarding the bottle tax demand a response ("Clarke finally doing something for schools? Not really" and "Baltimore needs more than a new tax," June 12 and 13). No elected official in the state has done more for remedying the crisis of the city's decrepit school buildings than Mary Pat Clarke. When the school system suffered its 2004 fiscal crisis, renovation money to prepare Waverly School for its first 7th grade class was withdrawn.
NEWS
February 2, 1992
Nearly one-third through this year's 90-day General Assembly session, state legislators have yet to attack Maryland's most severe fiscal crisis in decades. They appear to be walking in circles, like nomads wandering in the desert.Gov. William Donald Schaefer has done his part to point lawmakers in the right direction. In his State of the State message, he outlined a tax-and-spending-cut approach to get the state through these tough times. He followed this up last week with a $12.5 billion budget that shrinks non-essential operations while financing only the basics.
NEWS
By CARL T. ROWAN | November 2, 1994
Washington. -- Embattled NAACP Chairman William F. Gibson and the executive committee have virtually closed down the civil-rights organization because it cannot meet its payroll.After an emergency telephone conference Saturday, 89 NAACP employees at 10 locations across the nation were notified not to report to work Monday.They were informed that all employees, except 29 receiving special grants from foundations and corporations, were being taken off the payroll for at least three weeks because of ''a lack of cash flow.
NEWS
By Erin Cox, The Baltimore Sun | January 29, 2013
Now that Maryland's budget has weathered the fiscal crisis, advocates for improved mental health services contend that money should be funneled their way. More than 200 people attended an Annapolis rally Tuesday to call for more spending on statewide mental health services to better deal with crises and to ensure that no patients fall through the cracks. State Sen. Richard S. Madaleno Jr., a Montgomery County Democrat, told the crowd he was drafting the Mental Health Safety Act of 2013, which will call for mental health services in every school, create housing opportunities for low-income residents with mental illnesses and address mental health needs of people in jail, among other provisions.
NEWS
December 21, 2012
WEATHER: Light snow could fall early Wednesday morning, with temperatures in the mid-30s across the region. TRAFFIC: Check our traffic updates for this morning's issues. TOP NEWS Residents who paid speed camera tickets want audit, refunds :  Baltimore officials have acknowledged issuing at least 350 speed camera tickets issued in error. Now, so me prominent local attorneys say they're pondering a class action lawsuit on behalf of all aggrieved drivers.
NEWS
By Peter Morici | November 20, 2012
Efforts to avert the "fiscal cliff" offer great drama, but they won't solve Washington's budget woes and could precipitate another recession - or worse. The Budget Act of 2011 requires the president and Congress to agree on a nine-year, $1.2 trillion deficit reduction program, or annual defense and non-entitlement outlays will be automatically cut $107 billion on Jan. 1. At the same time, the Bush tax cuts, payroll tax reductions and other assorted programs expire. Altogether, $136 billion in annual spending reductions and $532 billion in additional taxes could trigger cataclysmic consequences for the economy.
NEWS
June 19, 2012
J. Michael Collins and Roz Heid's critical letters on Councilwoman Mary Pat Clarke's Monday statement regarding the bottle tax demand a response ("Clarke finally doing something for schools? Not really" and "Baltimore needs more than a new tax," June 12 and 13). No elected official in the state has done more for remedying the crisis of the city's decrepit school buildings than Mary Pat Clarke. When the school system suffered its 2004 fiscal crisis, renovation money to prepare Waverly School for its first 7th grade class was withdrawn.
NEWS
By John Fritze, The Baltimore Sun | March 30, 2012
State Sen. David Brinkley, who is running for the Republican nomination in Maryland's 6th Congressional District, is airing the first television ad of his campaign Friday. The 30-second spot takes aim at incumbent Rep. Roscoe G. Bartlett without mentioning him by name. "Our fiscal crisis was caused by incumbents -- our incumbent, too. Enough is enough. " Brinkley, of New Market, is running against seven other Republicans, including Bartlett, in the April 3 primary. The campaign said the ad will continue through the election.
NEWS
February 23, 2011
The Effort by the governor of Wisconsin to restrict collective bargaining by labor unions is an unacceptable infringement on the rights of its citizens ("Wisconsin's governor to senators: Come home" Feb. 22). But the sad truth is that it demonstrates a rare sober effort by any government official in the U.S. to act seriously to diminish gross budgetary problems. It is sad that our federal government buckled to political pressures to extend Bush's tax reductions for our wealthiest citizens and that we are now asking middle class union members in Wisconsin and other citizens to pay the price for irresponsible spending.
NEWS
December 21, 2012
WEATHER: Light snow could fall early Wednesday morning, with temperatures in the mid-30s across the region. TRAFFIC: Check our traffic updates for this morning's issues. TOP NEWS Residents who paid speed camera tickets want audit, refunds :  Baltimore officials have acknowledged issuing at least 350 speed camera tickets issued in error. Now, so me prominent local attorneys say they're pondering a class action lawsuit on behalf of all aggrieved drivers.
NEWS
By David Conn and David Conn,Sun Staff Correspondent | October 1, 1990
PHILADELPHIA -- If there is an angel of bad luck, surely it has found a home in Philadelphia.Consider:* The major New York bond-rating houses last month declared the nation's fifth-largest city an issuer of "junk" bonds. As a result, Philadelphia was unable to float a short-term loan to keep the city solvent until tax revenues arrive in February. If no solutions appear, the city will be bankrupt by December.* Two weeks ago, a brand-new police trailer was repossessed by the dealer for delinquent payment.
NEWS
March 14, 2010
W hen the current fiscal year ends in June, Maryland's tax collections will likely have dropped 5.2 percent from the previous year, the worst showing on record. Personal income in 2009 is expected to show the lowest growth rate since 1954; unemployment is at its highest level since 1983 and is expected to get worse; and solid economic growth is not expected until 2012 at the least. Believe it or not, that counts as good news, at least in a relative sense. The figures released Wednesday by the Board of Revenue Estimates are about the same as they were in the group's last report, in December, and that one was largely unchanged from September.
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