Maryland’s Pension System has Performed Poorly for Decades

  www.baltimoresun.com/ Maryland’s pension system has performed poorly for decades under two separate treasurers By George W. Liebmann 2:09 PM EST, February 19, 2014 Advertisement   The state pension system is Maryland’s financial Achilles heel and has been for decades. All bond rating services have noted that rising pension debt endangers the state’s AAA bond […]

Pension Follies, Resumed

      Maryland has, just, preserved its AAA bond rating, though with a negative outlook from Moody’s. Moody’s has issued a publication reporting that Maryland is one of the ten worst states in terms of the burden of pension debt, Maryland’s pension obligations being almost exactly equal to one year’s gross revenues, 99.5% of […]

Mismanaged Maryland

    Mismanaged Maryland Despite talk of reforms and budget cuts, Annapolis dabbles in excessive borrowing, noncompetitive projects and risky investments   By George Liebmann6:00 a.m. EDT, March 11, 2013   There is a sharp disconnect between the image and reality of the O’Malley administration’s fiscal policies. The image features pension reforms, reduced structural deficits, […]

Teacher Certification in Maryland

Maryland’s Protective Tariff Against Teachers   In 2011, Maryland colleges produced 2897 graduates from state-approved teacher education programs, out of 28701 new Maryland college graduates (Maryland Higher Education Report, 2011, p.17). Barely 10% of Maryland’s college graduates are thus eligible for regular certification as teachers in Maryland’s public schools. The regulations governing approved teacher education […]

Maryland and Distance Learning

Strangled in its Cradle Morality, it is said, is what you do when no one is looking. To assess the morality of the O’Malley administration and its favored clients, the teachers’ unions, it is appropriate to look at an obscure enactment, passed and signed ‘under the radar screen’, Chapter 288 of the Acts of 2012. […]

Injecting Sense Into School Construction

  www.baltimoresun.com/news/opinion/oped/bs-ed-school-construction-20120301,0,1047591.story   State should not agree to commit vast sums over decades to a questionable building plan By George W. Liebmann 4:18 PM EST, March 1, 2012 Advertisement   On the important issue of school construction, Baltimore Mayor Stephanie Rawlings-Blake has displayed refreshing common sense by demonstrating skepticism about a vastly inflated — indeed […]

A Government of Laws

Lee Casey and David Rivkin, in the latest of their many apologias for the Bush administration, again urge the theory of the unitary executive (Times, May 29). In this scheme of things, the Presidency is an elective dictatorship, and subordinate officers like U.S. Attorneys, once the formality of Senate confirmation is over, are removable for […]

The Baltimore City Retirement Systems: Heading for Trouble

EXECUTIVE SUMMARY Baltimore City has two pension funds for non-elective officials, a Fire and Police Fund with about $2 billion in assets and a fund for other employees (ERS) with about $1.3 billion. Until three years ago, the Boards of the two funds met together and maintained a common investment policy, one element of which […]

Cutting Costs: A Compendium of Competitive Know-How and Privatization Source Materials

As Maryland moves toward the 21st century, an expanding population demands ever better services and ever more schools – without more taxes. How to pull it off? The answer is for local governments to pay less for services, leaving funds available for purchasing additional services in other areas. The easiest means of doing this is to subject service providers to the rigors of the market by making them compete with each other.

Don’t Blow It: Why Maryland Needs a Get-Out-of-Debt Policy

Prudent families only borrow when they must. They know that the results of over borrowing can be dire. No such worries appear to exist in Maryland with respect to incurring debt. The state constitution requires the state to pay its bills on time and in full. An apparently unlimited supply of tax dollars ensures the […]