MD AAA Bond Rating To Save Millions - 47 ABC - Delmarva's Choice

MD AAA Bond Rating To Save Millions

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MARYLAND - A few months ago, a Gallup poll found that 47 percent of Marylanders would like to leave the state, mostly likely because they think taxes are too high. But here's some food for thought: This week, Maryland kept its coveted AAA bond rating from all three bond rating agencies.

So, why should you care?

Well, not only does it prove that Maryland is fiscally responsible, it allows the state to borrow money at lower interest rates, saving millions in tax payer dollars.

Governor O' Malley issued a statement Tuesday, touting the state's accomplishment saying, "Since 2007, we have made $9.5 billion worth of cuts - more than any administration in modern Maryland history ....We are one of only 7 states to maintain that top rating throughout the recession."

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