Md. job losses cause partisan tussle

The conservative advocacy group Change Maryland charged Monday that “Maryland has lost more jobs so far this year than any other state in the nation according to the U.S. Department of Labor,” losing “just over 10,000 jobs since the beginning of this year.”
Gov. Martin O’Malley’s press office questioned the figures, and said the organization was cherry-picking numbers to fit in with its partisan Republican agenda. Both sides in the dispute were using figures from the Bureau of Labor Statistics, but they chose a different starting point. Using the end of December as a starting point, Maryland had only lost 1,200 jobs this year.

Read more

Maryland retains triple-A bond rating, but pension liabilities and federal cuts cloud future

The big three New York bond rating agencies last week again affirmed Maryland’s almost sacred triple-A bond rating, attributing the decades-old stamp of approval to a strong economy, high incomes, prudent fiscal management and a willingness to raise taxes. But as they have for recent bond issues, the three agencies said the state government continues to face financial challenges from its above-average pension liabilities and likely federal budget cuts, along with an increasingly sluggish economy.

Read more