closing days of this year’s session.
“We ... essentially verbally paint[ed] them a picture that the county is aware and focused in on growing the economy and the tax base,” Mallinoff said.
On the concern over the county’s tax base, Mallinoff said that he believed it was more a reflection on concerns about the tax base of the state as a whole, rather than specifically about Charles County.
“In Maryland, you generally have that issue because you don’t have a diverse tax base,” Mallinoff said.
The high bond ratings that the county received this week will translate into lower interest rates when the county applies for loans.
With lower interest rates, the county is able to afford financing additional construction and renovation projects, or it can choose to cut the budget back and pay less on debt service. The county has done both some years.