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Fiscal Management

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NEWS
November 29, 2011
This past week Sen. John Kerry explained that tax increases are necessary due the current federal government's revenue shortfall (less citizen income, less income tax revenues). This all-too-common view assumes the moral right of government to a constantly rising income stream when neither businesses nor families enjoy such a right. Businesses and families have to live in economic reality; most governments - state and local as well as federal - don't. When governments spend every last cent by fiscal year-end, fail to pass budgets, and repeatedly fail to set aside rainy-day funds, that is financial mismanagement.
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NEWS
By Alison Knezevich, The Baltimore Sun | March 26, 2013
Baltimore County Executive Kevin Kamenetz told a group of Perry Hall residents Tuesday that public safety, education and infrastructure remain the county's top priorities in tough economic times. But over coffee and doughnuts at the Double T Diner on Joppa Road, residents said school overcrowding and recreational facilities are among their local concerns. Resident Renee Papavasiliou said overcrowded classrooms at Perry Hall High School are a big concern for parents. "If the class sizes were smaller," she said, "teachers would get to know the kids.
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NEWS
By Eric Siegel and Eric Siegel,SUN STAFF | March 18, 2000
The city has suspended its funding of an East Baltimore nonprofit lauded for putting unemployed and drug-addicted men to work boarding up abandoned houses because the group is more than two years late in producing a required audited financial statement. The suspension of funds to the Riker McKenzie Human Development Center Inc., which was effective Jan. 31, is the culmination of the city Department of Housing and Community Development's concerns about the center's fiscal management, according to interviews and documents.
EXPLORE
January 3, 2012
Harford County's AAA bond rating was reaffirmed by rating agencies Moody's Investors Service and Fitch Ratings, Harford County Executive David R. Craig announced Tuesday. The two agencies upgraded the county in 2010, and the confirmation of the AAA ratings are the result of a review of the county's fiscal management practices and economic outlook, as well as meetings with the county executive and members of his administration. Standard & Poor's also reaffirmed its AA+ rating for the county.
NEWS
October 30, 1994
The League of Women Voters is a nonpartisan organization that works to promote political reponsibility through the informed and active participation of citizens in their governemnt. The League does not support or oppose any political party or candidate.The candidates' answers appear as submitted in reponse to a nonpartisan questionnaire. If answers exceeded the specified word limitation, the additional words were cut where practical, or at the end of the candidate's statement. All candidates were asked the same questions as other candidates running for the same office.
NEWS
November 9, 2011
Regarding your recent article about the Baltimore Grand Prix, I'm wondering why your coverage of this event has been so negative ("Study finds modest impact from race," Nov. 5). There's no arguing that improvements need to be made organizationally and that vendors cannot go unpaid. Fiscal management by Baltimore Racing Development appears to be poor. Perhaps those in charge of the company need to be replaced with more skilled and experienced professionals. However, to cast the Grand Prix as anything but a success that was beneficial to the Baltimore region is short-sighted.
NEWS
By Jack Seymour | January 11, 2001
WASHINGTON -- Next Jan. 1, citizens of the 12 countries that have accepted the euro will have euro coins jangling in their pockets, euro notes stuffing their wallets. By the end of February 2002, dual circulation will have ended and the old marks, francs, lira and other national currencies will have disappeared, good only for scrapbooks. The euro has existed until now only as a "shadow quote," in the words Gunter Burghardt, the European Union's chief representative in the United States.
NEWS
By Lisa Respers and Lisa Respers,SUN STAFF | February 12, 1997
Harford County Executive Eileen M. Rehrmann offered few surprises in her State of the County address last night, pledging to maintain a fiscally conservative budget, as well as commitments to education and responsible development.In a speech during a County Council meeting, Rehrmann reflected on the county's "guiding principles" of fiscal management -- including using one-time revenues for one-time projects. Those principles, she said, must be continued. "We have ended each budget year in the black with no end-of-the-year shortfalls or red ink," she said.
NEWS
January 15, 1992
Close state budget gap with cutsMoney is to government like drugs are to an addict: The more one has, the more one wants. Only drastic measures can end the dependency.The state's chronic budget problems are not the product of reduced revenues caused by an economic slow-down. Rather, recurring deficits are the result of unrealistic revenue forecasting practiced by a leadership that ignores the ebb and flow cycles of a dynamic economy. That leadership is focused on currying voter favor rather than pursuing sound fiscal management practices.
NEWS
By Timothy B. Wheeler and Timothy B. Wheeler,Evening Sun Staff | September 17, 1991
Maryland Environment Secretary Robert Perciasepe vows to reform his department's fiscal management in the wake of a scathing legislative audit, which found that the agency had mishandled or failed to collect millions of dollars in federal grants and state funds.Perciasepe, who took over as secretary of the state Department of the Environment last December, said last night that he already has taken steps to correct some of the financial problems cited by the legislative auditors and he plans to complete his internal overhaul within six months.
NEWS
November 29, 2011
This past week Sen. John Kerry explained that tax increases are necessary due the current federal government's revenue shortfall (less citizen income, less income tax revenues). This all-too-common view assumes the moral right of government to a constantly rising income stream when neither businesses nor families enjoy such a right. Businesses and families have to live in economic reality; most governments - state and local as well as federal - don't. When governments spend every last cent by fiscal year-end, fail to pass budgets, and repeatedly fail to set aside rainy-day funds, that is financial mismanagement.
NEWS
November 9, 2011
Regarding your recent article about the Baltimore Grand Prix, I'm wondering why your coverage of this event has been so negative ("Study finds modest impact from race," Nov. 5). There's no arguing that improvements need to be made organizationally and that vendors cannot go unpaid. Fiscal management by Baltimore Racing Development appears to be poor. Perhaps those in charge of the company need to be replaced with more skilled and experienced professionals. However, to cast the Grand Prix as anything but a success that was beneficial to the Baltimore region is short-sighted.
NEWS
By Jack Seymour | January 11, 2001
WASHINGTON -- Next Jan. 1, citizens of the 12 countries that have accepted the euro will have euro coins jangling in their pockets, euro notes stuffing their wallets. By the end of February 2002, dual circulation will have ended and the old marks, francs, lira and other national currencies will have disappeared, good only for scrapbooks. The euro has existed until now only as a "shadow quote," in the words Gunter Burghardt, the European Union's chief representative in the United States.
NEWS
May 3, 2000
WHEN IT STEPS UP to borrow money in the next few days, Columbia's governing authority will do so at a lower interest rate -- and a savings of $100,000. By courting the green eyeshade types on Wall Street -- hitting them in New York with slides and in Columbia with guided tours -- they won an upgrade in their bond rating. Two of the prime arbiters of creditworthiness -- Moody's and Fitch -- gave Columbia its first bond rating boost since the early 1990s. The improved standing can be traced beyond mere dog-and-pony shows, of course.
NEWS
By Eric Siegel and Eric Siegel,SUN STAFF | March 18, 2000
The city has suspended its funding of an East Baltimore nonprofit lauded for putting unemployed and drug-addicted men to work boarding up abandoned houses because the group is more than two years late in producing a required audited financial statement. The suspension of funds to the Riker McKenzie Human Development Center Inc., which was effective Jan. 31, is the culmination of the city Department of Housing and Community Development's concerns about the center's fiscal management, according to interviews and documents.
NEWS
By Lisa Respers and Lisa Respers,SUN STAFF | February 12, 1997
Harford County Executive Eileen M. Rehrmann offered few surprises in her State of the County address last night, pledging to maintain a fiscally conservative budget, as well as commitments to education and responsible development.In a speech during a County Council meeting, Rehrmann reflected on the county's "guiding principles" of fiscal management -- including using one-time revenues for one-time projects. Those principles, she said, must be continued. "We have ended each budget year in the black with no end-of-the-year shortfalls or red ink," she said.
NEWS
By Liz Atwood and Liz Atwood,Staff Writer | September 19, 1993
Incumbent Annapolis Mayor Alfred A. Hopkins has frustrated black leaders and angered police union members, but he appears likely to overcome the challenge of political neophyte Sylvanus Jones in Tuesday's Democratic primary.Mr. Jones, 63, a retired federal employee who runs a consulting business, has staged a credible campaign, attacking the city's fiscal management and promising to lower taxes, political observers say. But Mr. Hopkins retains the solid support of senior citizens and longtime residents, the people most likely to vote in the primary.
NEWS
By C. Fraser Smith and C. Fraser Smith,Staff Writer | March 17, 1993
Trial balloons can have a down side even when they're headed up.You could ask Kurt L. Schmoke. After saying he might run for governor in 1994, the 43-year-old mayor almost immediately found himself on the defensive.A poll showed him with double the statewide name recognition of his likely rivals. He had a good ratio of positive-to-negative perceptions among those who knew him. Some commentators saw great potential.But others scoffed."There have been some pointed comments that have made me a take a critical look at myself," he said during an interview yesterday.
NEWS
October 30, 1994
The League of Women Voters is a nonpartisan organization that works to promote political reponsibility through the informed and active participation of citizens in their governemnt. The League does not support or oppose any political party or candidate.The candidates' answers appear as submitted in reponse to a nonpartisan questionnaire. If answers exceeded the specified word limitation, the additional words were cut where practical, or at the end of the candidate's statement. All candidates were asked the same questions as other candidates running for the same office.
NEWS
By Liz Atwood and Liz Atwood,Staff Writer | September 19, 1993
Incumbent Annapolis Mayor Alfred A. Hopkins has frustrated black leaders and angered police union members, but he appears likely to overcome the challenge of political neophyte Sylvanus Jones in Tuesday's Democratic primary.Mr. Jones, 63, a retired federal employee who runs a consulting business, has staged a credible campaign, attacking the city's fiscal management and promising to lower taxes, political observers say. But Mr. Hopkins retains the solid support of senior citizens and longtime residents, the people most likely to vote in the primary.
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