More Md. Bond Funding In The Works

The O’Malley administration on Wednesday successfully pushed to raise next year’s bond authorization to $1.16 billion, $75 million more than this year, rejecting objections by state Comptroller Peter Franchot that “we’re adding another Christmas tree ornament.”

“We can’t afford it,” Franchot told the Capital Debt Affordability Committee, saying it should stick to this year’s bond authorization of $1,085,000,000.

As often happens, Franchot was the lone voice in opposition, and was outvoted 4-1 on the five-member committee that includes the state treasurer and two O’Malley cabinet secretaries.
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