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Fiscal Responsibility


 

A Temporary Shutdown of Federal Business Growth, October 9th, 2013

At the Elkridge offices of cybsecurity firm Accuvant, Frank McLallen is in a holding pattern.  As the Accuvant vice president in charge of the firm’s public sector contracting work, he was supposed to be hiring right now – as many as 40 or 50 people over the next nine months.

Today, in the midst of an ongoing government shutdown, those plans are “absolutely on ice,” said McLallen. “We’re not going to be bringing people on board into the unknown.”

Breakthrough or Breakdown?, October 8th, 2013

Fyodor Biotechnologies Corp. is on the precipice of a breakthrough in investigating sources of fever, other than malaria, in developing countries. Chairman and CEO Dr. Eddy Agbo was thrilled when he received word, only last week, of a National Science Foundation grant for their work. But before they could even process the payment, our federal government needlessly shut down.

The Shutdown: “A Significant and Severe Hardship”, October 7th, 2013

After a half-decade of economic recession and recovery, there was “finally light at the end of the tunnel,” said Cidalia Luis-Akbar, who owns and runs M. Luis Construction with her sister Natalia Luis.

Then the federal government shut down. Instead of light, they faced more economic darkness.

“Every day we’re out here taking risk. We’re making financial decisions based on a feeling that we’re finally starting to get out of the financial difficulty we’ve felt for five years,” Luis-Akbar said. “But this is terrifying. It’s scary out here now.”

Keeping the Lights On in a Shutdown, October 4th, 2013

The federal government might be shut down, but the lights at Kloudtrack stay on 24 hours a day, 7 days a week, President and CEO Mike Binko said.

With eight employees in Rockville and Annapolis, Kloudtrack is a subcontractor on three IT and cloud computing projects within the Defense Information Systems Agency, the Department of Veterans Affairs and the Department of Homeland Security. An example of the kind of innovative small businesses that are helping strengthen Maryland’s growing and upwardly-mobile middle class.

Kloudtrack is making tremendous progress, even in the face of an unnecessary government shutdown, and their work on contracts critical to our national defense and obligations to our veterans continues. However, if the Congress fails to fund our government, it will eventually be forced to put its ambitions and growth on hold.

Statement from Governor Martin O’Malley on Maryland’s Triple A Bond Rating, July 12th, 2013

ANNAPOLIS, MD  – Governor Martin O’Malley today released the following statement on all three bond rating agencies affirming Maryland’s Triple A bond rating: “In Maryland, we’ve made the better choices to maintain fiscal responsibility. With a balanced approach of record budget cuts and modern investments – together with leaders in the General Assembly – we’ve  Read the Rest…

A Capital Budget that Works, May 16th, 2013

Today, Governor O’Malley and the Presiding Officers signed the FY2014 Capital Budget into law to make the investments that educate, innovate and rebuild our infrastructure. The $3.7 billion capital budget makes investments to support and leverage almost 43,000 jobs. The capital budget invests over $698 million in K-12 and higher education. We’re investing $338 million  Read the Rest…

Leading the Region in Job Creation, April 19th, 2013

In the first three months of 2013, Maryland led the region in job creation.  Together with Maryland’s businesses, we created 22,000 new jobs in the first quarter of the year at the 4th fastest rate in the nation.  Maryland’s dynamic private sector led our job growth creating 9 out of every 10 of our new jobs at the 5th fastest rate in the nation.

President Obama on Maryland’s Better Choices, February 25th, 2013

By Raquel Guillory, Director of Communications In case you missed it, this morning at the National Governors Association annual meeting, President Obama praised Maryland’s “smart choices” that have enabled us to nearly eliminate the $1.7 billion structural deficit we inherited in 2007 and preserve our AAA bond rating, while at the same time investing to keep college affordable and  Read the Rest…

The SOTU & what we’ve done in Maryland…Part I, February 13th, 2013

Last night the President made a persuasive case for why we must begin to make better choices as a nation. He focused on finding new and innovative ways to cut waste, improve efficiencies, improve education — from Pre-School to higher education — and create jobs.  Here in Maryland, we are already working towards stronger families, stronger communities, and  Read the Rest…

Behind the Scenes: Speech Prep, January 28th, 2013

By Steve Rabin, Chief Speechwriter What a great speech prep session we just finished!  Governor O’Malley is hard at work putting the finishing touches on this State of the State.  It’s gonna to be great. I thought I’d share with you a sneak preview… The Governor plans to tell the story of how we came together over these past  Read the Rest…