debt market

Legg Mason plans to close a deal to restructure $650 million in debt this month, a move designed to lock in favorable interest rates for the long term while taking advantage of the market's sustained appetite for corporate bonds.

The Bel Air Board of Town Commissioners unanimously gave its final approval Tuesday to the town's $15,967,773 budget for the 2015 fiscal year which begins July 1.

Aberdeen's administration is proposing a $14.1 million budget for fiscal year 2015, a 16 percent drop from fiscal year 2014.

The Bel Air Board of Town Commissioners reviewed a general fund budget for the 2014-2015 fiscal year on Monday that contains the first merit increases for town employees in several years.

The city-owned Hilton Baltimore spent nearly all of the $2.8 million in hotel occupancy taxes the city set aside last year to help the struggling convention center hotel make its debt payments, officials said.

From a presentation by Frito-Lay to approving the much-discussed Transit Oriented Development code to giving the OK for the police to sell one of its old cars, there was more than just pay raises and potholes addressed at Monday night's Aberdeen City Council meeting.

Gansler supports commuter discount on ICC

Nelson, whose contract is up in May, was brought in May 2009 on a two-year contract. In 2011, he was granted an extension through May 2014.

Gov. Martin O'Malley's last budget proposal leaves some hard questions for his successor but on the whole leaves the state in good shape.

There is too much uncertainty about Maryland's finances to endorse even a small increase in the borrowing limit next year.

With congressional negotiators far apart on taxes and spending, a status-quo budget agreement might be the best possible outcome

The state-owned Hyatt Regency Chesapeake Bay hotel is continuing to mine a reserve fund to meet semiannual debt payments, including a draw of more than $2 million earlier this month.

Just before the day to start filing applications, Mayor Wayne Dougherty announced he would be running for mayor once again.

The city will be forced to dip into its general fund for $1 million to help the city-owned Hilton Baltimore make debt payments this year, city officials said Wednesday.

Harford County officials raised nearly $115 million through two bond sales Tuesday to finance existing and new capital projects and to pay off previous bond issues.

Baltimore water officials have been dogged in the last year by a series of extremely public problems. But behind the scenes, they have also been making progress on the city's aged and long-deteriorating water system.

The Laurel City Council is proposing to revise the tax break given to the developers of the Laurel Mall, Greenberg Gibbons Company, to be used for improving public infrastructure around the new development.

More than 50 people came in support and opposition of the controversial James Run development project during a public hearing before the Harford County Council meeting Tuesday evening.

Maryland lawmakers protest a plan by the Treasury Department and the General Services Administration to move the Financial Management Services facility in Hyattsville to West Virginia.

In reference to all the information provided about the Economic Development Policy, I submit the following from my committee, The Citizens of Harford County Watchdog Committee, an organization for fiscal responsibility and representative government in all matters of governmental fiduciary accountability, regarding economic development.

In a vote in Westminster, the Board of Carroll County Commissioners approved an operating budget of $362 million and a capital budget of $62.2 million.

Members of the Harford County Council agreed Tuesday to hold funding for a large portion of the planned Emergency Operations Center replacement in next year's capital budget.

Budget amendments voted on for 2013

Anne Arundel: State Rules Against County on MOE

Anne Arundel County Executive John Leopold says the state's new maintenance of effort law goes too far.

Anne Arundel County Executive John Leopold's machinations have reduced the amount county schools have to spend on day-to-day educational services by $12 million a year.

Mayor Stephanie Rawlings-Blake and schools chief executive officer Andrés Alonso presented a united front Tuesday in Annapolis as they asked state legislators to radically alter the manner in which school construction funds are provided.

City raised rates but fund remains in the hole

Nonprofit has helped people reduce debt for since 1966. The center in Catonsville received more than 30,000 calls from people across the country requesting help in 2010.

Two Marylanders describe their efforts to get out of debt.

The superintendent of Anne Arundel County Public Schools proposed a nearly $1 billion operating budget for the 2013 fiscal year on Wednesday.

As world economies knit ever closer together, the debt woes and economic slowdown in Europe are sending ripples across the Atlantic — giving pause to Maryland companies anxious about recessionary contagion and offering business opportunities to others.

Peter Morici says EU needs broad authority to tax, spend and borrow

The Maryland General Assembly's chief budget analyst offered lawmakers few palatable options for creating new jobs while dealing with the state's budget shortfall. His main advice: Don't borrow so much that you put the state's bond rating in jeopardy.

Maryland holds back letters of intent to swimming, water polo recruits. Those sports could be targeted for elimination for budget reasons, officials say.

The Maryland Transportation Authority shows no indication of reversing its plans to hike tolls and kill the AVI decal at the Susquehanna River bridges, although local elected officials are still hoping for at least some compromise.

The U.S. is facing a crisis over jobs and growth, not debt

The move by the federal government to end the sale of paper savings bonds at banks and credit unions next year is bad news for savers in more ways than one.

Conduct your own treasure hunt for lost money. Such digging is fast and easy because states and the federal government post information online about inactive bank accounts, forgotten savings bonds and lost pensions.

Harsh cuts, short time frame for progress could lead to backlash with serious consequences for EU's future

MLB debt: The Orioles were among nine teams in violation of MLB debt service rules, according to information presented in a confidential briefing at the owners' meetings last month and confirmed to the Los Angeles Times by three people familiar with the presentation.

Newspaper gives conservatives a free ride