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A Maryland panel wants to raise the state's debt limit in the next fiscal year, but the move is facing opposition from at least one financial official in the state. The Capitol Debt Affordability Committee voted Monday to recommend Maryland increase its debt limit another $150 million beyond the current limit, which is $925 million, according to the Associated Press.
Governor Martin O'Malley's administration believes the increase is affordable as revenues have grown faster than projected. State budget secretary T. Eloise Foster argues the borrowed money will help Maryland invest in infrastructure and boost jobs while interest rates are low.
But state comptroller Peter Franchot voted against the change. He believes there are too many questions about the economy and instead of increasing debt, the state should increase financial restraint, according to AP.
Soderbergh's Liberace, 'Behind The Candelabra'
In his new HBO film, the acclaimed director examines the five-year relationship between the flamboyant entertainer and Scott Thorson, who was 40 years Liberace's junior and still a teenager when they met. Michael Douglas plays Liberace and Matt Damon plays Thorson.Washington State Butcher Spikes Pig Feed With Weed
Despite its name, the "pot pig" experiment isn't an attempt to develop a new meaty treat for stoners. Instead, a Seattle butcher is feeding marijuana seeds, stems and root bulbs to swine as a cheeky money-saving measure.'I Was Dismayed' To Learn What Agency Did, Ex-IRS Chief Says
Under Douglas Shulman's watch, IRS personnel singled out some conservative groups for extra scrutiny. That, he conceded Tuesday, has "justifiably led to questions" about the tax agency's motivation.Airbnb Stays Are Illegal In New York, Court Rules
People who use Airbnb, the web company that pairs travelers with residents who rent out their homes on a short-term basis, are breaking New York City's laws, according to an administrative law judge. The vacation rental business was found to run afoul of the city's occupancy code.Leave a Comment
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