An improving stock market helped Maryland’s $40.25 billion pension system enjoy a 10.6 percent return on investment in fiscal 2013, the Maryland State Retirement Agency announced Tuesday.

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All three U.S. bond-rating agencies — Standard & Poor’s, Moody’s Investors and Fitch Ratings — have reaffirmed Maryland’s AAA bond rating in preparation for an upcoming sale of $435 million in general obligation bonds at the Board of Public Works meeting on July 24.

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Comptroller Peter Franchot massages his temples Wednesday before the start of the Board of Public Works meeting in Annapolis. Franchot was awaiting the arrival of the other board members, Gov. Martin O'Malley and Treasurer Nancy K. Kopp. (Maximilian Franz/The Daily Record)

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The Maryland Transit Administration is ready to put to use money generated by the state’s brand new gas tax.

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The Board of Public Works on Wednesday approved the state’s purchase of the 111-year-old Annapolis post office, which had been shopped by the financially struggling U.S. Postal Service.

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It's rare that the opening oratory during a meeting of the Board of Public Works is met with the approval of all three elected officials who sit on the state board.

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A legal settlement stemming from the allegedly guard-aided 2007 beating of a prison inmate being transferred from Baltimore to Hagerstown shows evidence of longstanding corruption in Maryland’s correctional institutions, Comptroller Peter Franchot said Wednesday.

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Maryland has retained its prized Triple A bond rating from the three major rating agencies, state Treasurer Nancy K. Kopp said. State officials plan to sell up to $1 billion worth of general obligation bonds at the March 6 meeting ...

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A few government and politics headlines for Wednesday.

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ANNAPOLIS — A Maryland board has approved a $149,000 contract to hire a contractor to study the state’s procurement process for contracts. The Board of Public Works voted 3-0 on Wednesday for a six-month contract with Treya Partners to conduct ...

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