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Maryland Independent - - Com­mu­nity Fo­rum - Twit­ter: @PaulIndyNews

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.

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