fiscal year

Jul 5, 2013

Md. casino revenue more than estimates for fiscal year

ANNAPOLIS — Maryland’s four casinos exceeded revenue estimates for the recently ended fiscal year by about 14 percent, according to numbers released by the Maryland Lottery on Friday. The casinos generated gross revenue of $608.4 million in fiscal year 2013, which ended June 30. That is $76.8 million more than the state’s Board of Revenue […]

Mar 13, 2013

Md. House takes up state budget

ANNAPOLIS — The Maryland House of Delegates is taking up the state budget, which is nearly $37 billion. The House will be considering tweaks to the governor’s budget for the next fiscal year on Wednesday. Overall, the budget is not feeling the pressures it has in recent years in the aftermath of the recession. But […]

Oct 1, 2012

Md. panel recommends raising debt limit $150M

ANNAPOLIS — A Maryland panel on Monday recommended raising the state’s debt limit by $150 million in the next fiscal year. The state’s Capital Debt Affordability Committee voted 4-1 to allow the state to increase it from the current limit of $925 million. T. Eloise Foster, Gov. Martin O’Malley’s budget secretary, said the increase is […]

Jan 30, 2012

Hagerstown free clinic aims to take new patients

HAGERTOWN — The Community Free Clinic in Hagerstown says it hopes to start accepting new patients by early March. The clinic stopped seeing new patients in late October due to a funding shortfall. The executive director told The Herald-Mail of Hagerstown newspaper Sunday that a fund drive, combined with cost-cutting measures, may make it possible […]

Dec 15, 2011

State spending panel to make recommendations

ANNAPOLIS — A panel of Maryland lawmakers is scheduled to make recommendations on state spending for the next fiscal year. The Spending Affordability Committee will meet Thursday evening in Annapolis. The panel has made recommendations to the executive branch since 1982. The recommendations are not binding on the governor, who submits the state budget in […]

Nov 21, 2011

Rawlings-Blake donates pay raise to youth program

Mayor Stephanie Rawlings-Blake says she will direct her automatic pay raise this year to the city’s Youth Works summer jobs program. The mayor’s office announced Monday that she will donate her 2.5 percent cost-of-living salary increase to the program that places teens in summer jobs. She declined last year’s pay raise as well. Rawlings-Blake earned […]

Nov 16, 2011

Maryland health report shows increase in drug treatment

A new Maryland health department report shows a large increase in the number of residents who are receiving drug treatment. The Maryland Department of Health and Mental Hygiene sent a report Wednesday to lawmakers on the number of residents receiving substance abuse treatment through Medicaid. The number has gone up from 17,995 in fiscal year […]

Jul 26, 2011

Fetting says Legg still has work to be done

As part of its continuing restructuring efforts, Legg Mason Inc. said Tuesday that it had laid off 180 people, about 5 percent of its workforce, at the beginning of the month. The staff reduction, part of an effort to save the company as much as $150 million by next year, was announced Tuesday during the […]

Jul 21, 2011

State pension system investments post strong gains in FY ‘11

The cash and investments Maryland uses to pay retirement benefits to its former employees increased to $37.5 billion in fiscal 2011, a $6 billion gain that came during a time of strong growth and recovery in the stock market. The Maryland State Retirement and Pension System’s 20 percent return on its investments during the 12 […]

Jul 19, 2011

UMUC outpaces $26M goal

University of Maryland University College, a provider of online and onsite higher education services, said “The Campaign for UMUC: Building a Legacy of Educational Opportunities” surpassed its $26 million goal. Part of the University System of Maryland’s seven-year fundraising initiative, the campaign reached its goal in March, and by the end of the fiscal year […]

Jun 24, 2011

Metro approves $2.5B budget for fiscal year 2012

Metro’s board of directors has approved a $2.5 billion budget for fiscal year 2012 that does not call for any major rail fare hikes. The transit agency approved the combined operating and capital budget on Thursday. The fiscal year begins on July 1. Metro had a $66 million deficit in its operating budget, but the […]

Dec 30, 2010

Hiring freeze announced in Anne Arundel County

ANNAPOLIS  — Anne Arundel County Executive John Leopold on Thursday announced his fifth countywide hiring freeze in four years. Leopold said each hiring freeze saves between $2 million and $2.5 million, depending on the number of job vacancies and how long the freeze lasts. David Abrams, a spokesman for Leopold, said the hiring freeze will […]

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