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By Michael Dresser, The Baltimore Sun | June 7, 2012
Richard N. Dixon, a conservative Democrat who served as Maryland's state treasurer for six years, died Thursday after suffering a stroke Tuesday, Treasurer Nancy K. Kopp announced. He was 74. Mr. Dixon was the first African-American to win election by the General Assembly to the powerful post of state treasurer, which gave him a seat on the Board of Public Works and led to his election as chairman of the state pension system. Before being chosen as treasurer in 1996, Dixon served 14 years in the House of Delegates — the last Democratic legislator to be elected from conservative Carroll County.
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NEWS
By George W. Liebmann | February 19, 2014
The state pension system is Maryland's financial Achilles heel and has been for decades. All bond rating services have noted that rising pension debt endangers the state's AAA bond rating, and the Pew Center on the States rates Maryland as among the most under-funded states. The pension board is a semi-professional board made up of 15 people, a third of whom have investment expertise. It is presided over by the state treasurer, who is elected by the General Assembly. Traditionally, state treasurers were boring but capable bankers.
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NEWS
By Nick Madigan, The Baltimore Sun | November 5, 2010
The state treasurer's office, which monitors how state agencies handle taxpayer money, has failed to properly oversee some agency banking procedures, according to a state audit released Friday. The review from the nonpartisan Office of Legislative Audits, covering a three-year period ending on June 30, 2009, found that the treasurer's office failed to ensure that all bank accounts maintained by state agencies were authorized and in banks that had proper contracts. Agencies held at least 22 accounts at five unapproved banks at the end of the monitoring period, according to the audit.
EXPLORE
By Bob Allen | June 9, 2012
One day after his death, Richard Dixon, 74, was the subject of tributes and accolades sweeping across all of Carroll County — where he was born and raised, built a family and served his community as a school board member, state delegate and Maryland treasurer. "He was an outstanding gentleman, and he did a wonderful job serving on the board of education, in the House of Delegates and as the state treasurer, and he did a wonderful job for Carroll County," said Jean Lewis, president of the Carroll County chapter of the NAACP.
NEWS
By Donna E. Boller and Donna E. Boller,Sun Staff Writer | December 19, 1994
Veteran Carroll Del. Richard N. Dixon has become the first candidate to challenge incumbent State Treasurer Lucille B. Maurer, while three others are reported to be eyeing the $100,0000-a-year job.The state treasurer is one of three members of Maryland's powerful Board of Public Works, which rules on capital budget requests for everything from prisons to schools. The governor and comptroller are the board's other two members. The state treasurer is elected by the 188 members of the General Assembly.
NEWS
By John W. Frece and John W. Frece,Sun Staff Writer | December 11, 1994
State Treasurer Lucille Maurer, one of three members of Maryland's powerful Board of Public Works, mailed letters to all members of the General Assembly last week asking for their support for her re-election.The General Assembly picks the state treasurer, a position also responsible for the management and investment of state funds, state borrowing, the purchase of financial and insurance services, and the protection of state property.Mrs. Maurer, 72, has held the $100,000-a-year job for two four-year terms.
NEWS
By Staff report | August 1, 1993
L. Gregory Pecoraro, chairman of the Carroll County Democratic Central Committee, has left his job as special assistant to State Treasurer Lucille Maurer to take a job with U.S. Sen. Paul S. Sarbanes.Mr. Pecoraro, 34, of Westminster, began working July 1 as special assistant to the Maryland Democrat. He said he will be the senator's field representative in Central Maryland, which includes Carroll County.This is the second time Mr. Pecoraro has worked for Senator Sarbanes. He was the senator's special assistant from 1983 to 1989, when he left to take the job at the state treasurer's office.
BUSINESS
By Gus G. Sentementes, The Baltimore Sun | August 9, 2011
Maryland's treasurer expressed confidence Tuesday the state's AAA credit rating would not change as a result of Standard & Poor's historic downgrade of the federal government's rating. Maryland has maintained the top rating from the three major ratings agencies. Officials in the state treasurer's office said they were advised Tuesday morning by an analyst with Standard and Poor's that the agency would take "no action" on the state's rating in the immediate future. But it remained unclear whether the state ultimately would see an effect on its own credit rating.
NEWS
June 30, 2011
William Lloyd Adams is a Baltimore "icon," and his passing is definitely the end of an era ("Former numbers runner became venture capitalist," June 29). I was born and raised in Baltimore, and for my 75 years Mr. Adams has been a force in not only the black community, but in the Baltimore community. The Sun's own Antero Pietila, in his book "Not in My Neighborhood," illuminates this as he writes about another Baltimore original, former state treasurer and civic leader John A. Luetkemeyer.
EXPLORE
By Bob Allen | June 9, 2012
One day after his death, Richard Dixon, 74, was the subject of tributes and accolades sweeping across all of Carroll County — where he was born and raised, built a family and served his community as a school board member, state delegate and Maryland treasurer. "He was an outstanding gentleman, and he did a wonderful job serving on the board of education, in the House of Delegates and as the state treasurer, and he did a wonderful job for Carroll County," said Jean Lewis, president of the Carroll County chapter of the NAACP.
NEWS
By Michael Dresser, The Baltimore Sun | June 7, 2012
Richard N. Dixon, a conservative Democrat who served as Maryland's state treasurer for six years, died Thursday after suffering a stroke Tuesday, Treasurer Nancy K. Kopp announced. He was 74. Mr. Dixon was the first African-American to win election by the General Assembly to the powerful post of state treasurer, which gave him a seat on the Board of Public Works and led to his election as chairman of the state pension system. Before being chosen as treasurer in 1996, Dixon served 14 years in the House of Delegates — the last Democratic legislator to be elected from conservative Carroll County.
BUSINESS
By Gus G. Sentementes, The Baltimore Sun | August 9, 2011
Maryland's treasurer expressed confidence Tuesday the state's AAA credit rating would not change as a result of Standard & Poor's historic downgrade of the federal government's rating. Maryland has maintained the top rating from the three major ratings agencies. Officials in the state treasurer's office said they were advised Tuesday morning by an analyst with Standard and Poor's that the agency would take "no action" on the state's rating in the immediate future. But it remained unclear whether the state ultimately would see an effect on its own credit rating.
NEWS
June 30, 2011
William Lloyd Adams is a Baltimore "icon," and his passing is definitely the end of an era ("Former numbers runner became venture capitalist," June 29). I was born and raised in Baltimore, and for my 75 years Mr. Adams has been a force in not only the black community, but in the Baltimore community. The Sun's own Antero Pietila, in his book "Not in My Neighborhood," illuminates this as he writes about another Baltimore original, former state treasurer and civic leader John A. Luetkemeyer.
NEWS
By Nick Madigan, The Baltimore Sun | November 5, 2010
The state treasurer's office, which monitors how state agencies handle taxpayer money, has failed to properly oversee some agency banking procedures, according to a state audit released Friday. The review from the nonpartisan Office of Legislative Audits, covering a three-year period ending on June 30, 2009, found that the treasurer's office failed to ensure that all bank accounts maintained by state agencies were authorized and in banks that had proper contracts. Agencies held at least 22 accounts at five unapproved banks at the end of the monitoring period, according to the audit.
NEWS
August 2, 2007
State sells bonds to build new schools Maryland sold $375 million in general obligation bonds yesterday, obtaining funding to build schools and other capital projects. Despite maintaining its AAA bond rating, the state will pay a higher interest rate than it did in a similar bond sale five months ago. Yesterday, the state secured a rate of 4.14 percent, compared with 3.86 percent in March. Yesterday's rate is about the same as the state paid a year ago. Nancy K. Kopp, the state treasurer, said the level of competition among financial services companies bidding for the bonds reflects Maryland's overall strong fiscal situation, despite a looming deficit in the state's general fund.
NEWS
By Andrew A. Green and Andrew A. Green,Sun reporter | January 5, 2007
Treasurer Nancy K. Kopp appears likely to keep her job, despite the efforts of some legislators who were pushing for a change to bring racial diversity to the Board of Public Works, a key panel on which she sits. House Speaker Michael E. Busch - who holds significant influence over the selection of the treasurer - said yesterday that he believes she should stay. "I think Nancy Kopp has done an outstanding job as treasurer of the state of Maryland," Busch said. "She was an outstanding legislator on the appropriations committee and understands the fiscal structure of the state of Maryland.
NEWS
August 2, 2007
State sells bonds to build new schools Maryland sold $375 million in general obligation bonds yesterday, obtaining funding to build schools and other capital projects. Despite maintaining its AAA bond rating, the state will pay a higher interest rate than it did in a similar bond sale five months ago. Yesterday, the state secured a rate of 4.14 percent, compared with 3.86 percent in March. Yesterday's rate is about the same as the state paid a year ago. Nancy K. Kopp, the state treasurer, said the level of competition among financial services companies bidding for the bonds reflects Maryland's overall strong fiscal situation, despite a looming deficit in the state's general fund.
NEWS
By George W. Liebmann | February 19, 2014
The state pension system is Maryland's financial Achilles heel and has been for decades. All bond rating services have noted that rising pension debt endangers the state's AAA bond rating, and the Pew Center on the States rates Maryland as among the most under-funded states. The pension board is a semi-professional board made up of 15 people, a third of whom have investment expertise. It is presided over by the state treasurer, who is elected by the General Assembly. Traditionally, state treasurers were boring but capable bankers.
NEWS
October 7, 2003
Digests, Datebook If you have information for the community digests or datebook, call Ellie Baublitz at 410-751-7910 during the day, leave a voice mail message after hours, or fax news releases to 410-751-7916. Former state Treasurer Richard N. Dixon will be the guest speaker at the South Carroll Democratic Club meeting tomorrow. The group will meet at 7 p.m. in the community room of Carrolltown Center on Liberty Road in Eldersburg. Information: 410-795-2896. Freedom District residents to hold council meeting The Freedom Area Citizens' Council will meet at 7:30 p.m. Thursday at Freedom Christian Church in Carrolltown Center in Eldersburg.
NEWS
By Tim Craig and Tim Craig,SUN STAFF | August 28, 2002
Saying incumbent William Donald Schaefer is using his office as "a political playpen," former Maryland Treasurer Richard N. Dixon endorsed John T. Willis yesterday in the race for the Democratic nomination for state comptroller Dixon, who retired in February after six years as treasurer, also called Schaefer's conduct on the Board of Public Works "embarrassing" and a "distraction" to state government. "We need someone who can bring dignity back to the board," said Dixon in endorsing Willis, the Maryland secretary of state.
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