Peter Franchot

Local News
9:22 am
Thu October 16, 2014

MD Continues to Pay for Slot Machine Upkeep in MD

Credit Jeff Kubina / Creative Commons

ANNAPOLIS, Md. (AP) - The Maryland Board of Public Works has approved a contract renewal for the state to spend up to $200 million to lease and maintain slot machines over five years.

The board voted 2-1 Wednesday, with Gov. Martin O'Malley and Treasurer Nancy Kopp voting in favor of the renewal. Comptroller Peter Franchot voted against it.

Maryland law initially required the state to own slot machines at the state's five casinos. However, the law was changed in 2012.

Next March, three of the state's casinos will acquire their own slot machines.

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Local News
8:04 am
Thu August 21, 2014

MD State Fair Gets William Donald Schaefer Award

Former MD Governor William Donald Schaefer
Credit msa.gov

TIMONIUM, Md. (AP) - The Maryland State Fair will receive the 2014 William Donald Schaefer Helping People Award.

State Comptroller Peter Franchot will present the award to Howard "Max" Mosner, the president and general manager of the fair, on Friday.

The award, now in its third year, is presented to an individual or organization in each county in Maryland that exemplifies the former governor's lifelong commitment to helping people.

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Local News
8:37 am
Mon August 11, 2014

Peter Franchot: "Let Summer Be Summer"

Comptroller Peter Franchot (D-Md)
Credit official photo

ANNAPOLIS, Md. (AP) - Maryland Comptroller Peter Franchot is planning to launch a petition drive to persuade lawmakers to delay the opening of public schools until after Labor Day.

The Washington Post reports that Franchot is planning an event Thursday on the Ocean City boardwalk to kick off a "Let Summer Be Summer" campaign.

Franchot's aim is to collect 10,000 signatures before Maryland lawmakers reconvene in January.

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Local News
8:47 am
Thu July 24, 2014

LNG Pier Approved by MD Panel for Cove Point

Cove Point
Credit dominion resources website

ANNAPOLIS, Md. (AP) - The Maryland Board of Public Works has approved a wetlands license for Dominion Resources to build a liquefied natural gas export facility in Calvert County.

The board voted 3-0 on Wednesday for the license to enable Dominion Resources to build a pier on the Patuxent River. The company needs the pier to bring in equipment to build the facility.

Richmond, Virginia-based Dominion wants to build the $3.8 billion project at its existing Cove Point terminal on the Chesapeake Bay.

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Local News
8:25 am
Thu July 3, 2014

MD Board of Public Works Cuts Spending

Credit Don Rush

ANNAPOLIS, Md. (AP) - The Maryland Board of Public Works has voted to cut about $77 million from the state budget to address underperforming state revenues.

The board voted 3-0 on Wednesday for the cuts.

The board, which includes Gov. Martin O'Malley, Comptroller Peter Franchot and Treasurer Nancy Kopp, also approved about $7 million in fund transfers to make up for less-than-expected revenue.

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Local News
9:54 am
Thu June 12, 2014

MD Comptroller Expects "Stunning" Budget Short Fall

Maryland Comptroller Peter Franchot
Credit official photo

Despite the nation gaining back all of the jobs it lost since the beginning of the Great Recession, Maryland Comptroller Peter Franchot says there could a major budget shortfall by September. The Comptroller stopped by the studios of Delmarva Public Radio after attending the meeting of the Maryland Municipal League in Ocean City this week to explain his concerns about the future financial health of the state. 

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Local News
11:15 am
Thu April 17, 2014

MD Comptroller Backs Veto of Delay for Wind Farm in Somerset County

MD State Comptroller Peter Franchot
Credit official photo

Maryland state Comptroller Peter Franchot says Governor Martin O’Malley should veto legislation that would delay the construction of the wind turbine project in Somerset County by more than a year.

Franchot said the delay would have a profound impact on the local economy of one of the poorest counties in the state.

He pointed to more than 500 construction jobs, $44 million in tax revenues and $200 million in revenue from new investment.

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Local News
1:30 pm
Wed April 16, 2014

Delaware Congressional Delegation Gets In on Today's Annual Poultry Banquest

Senator Tom Carper (D-De)
Credit official photo

SALISBURY, Md. (AP) - Members of Delaware's congressional delegation are joining in an annual celebration of the Delmarva region's poultry industry.

U.S. Sens. Tom Carper and Chris Coons both planned to attend the 58th annual Delmarva Poultry Industry banquet in Salisbury, Md. on Wednesday.

The event, sponsored by Delmarva Poultry Industry Inc., honors the region's chicken farmers and other members of the poultry industry.

Maryland comptroller general Peter Franchot also was expected to attend the evening event at the Wicomico Youth and Civic Center.

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Local News
1:30 pm
Wed April 16, 2014

Delaware Congressional Delegate Gets In on Today's Annual Poultry Banquest

Senator Tom Carper (D-De)
Credit official photo

SALISBURY, Md. (AP) - Members of Delaware's congressional delegation are joining in an annual celebration of the Delmarva region's poultry industry.

U.S. Sens. Tom Carper and Chris Coons both planned to attend the 58th annual Delmarva Poultry Industry banquet in Salisbury, Md. on Wednesday.

The event, sponsored by Delmarva Poultry Industry Inc., honors the region's chicken farmers and other members of the poultry industry.

Maryland comptroller general Peter Franchot also was expected to attend the evening event at the Wicomico Youth and Civic Center.

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Local News
7:45 am
Fri March 7, 2014

Revenue Estimates Down for Maryland

Credit Don Rush

ANNAPOLIS, Md. (AP) - Maryland officials have revised the state's revenues down by about $238 million.

The Maryland Board of Revenue Estimates released the revised numbers on Thursday.

Revenue projections are down $127 million for the current fiscal year. They have been revised downward by about $111 million for fiscal year 2015.

Comptroller Peter Franchot, the board chairman, says much of downward revision reflects poor economic and revenue performance in the fourth quarter of 2013, rather than the state's revenue outlook moving forward.

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Local News
9:14 am
Wed February 26, 2014

No Refunds for Taxpayers With Warrants Under MD Bill

Credit Don Rush

ANNAPOLIS, Md. (AP) - A measure in the Maryland House of Delegates would enable the state to withhold tax refunds from people with outstanding warrants.

Comptroller Peter Franchot and uniformed sheriffs from around the state expressed support for the measure on Tuesday in Annapolis.

The proposal would make a pilot program in Anne Arundel County statewide. As of Monday, nearly $470,000 in refunds has been withheld from more than 600 people with outstanding warrants in the county.

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Local News
12:29 pm
Wed February 19, 2014

MD Board of Public Works Okays Health Exchange Modifcation

Comptroller Peter Franchot
Credit offcial photo

ANNAPOLIS, Md. (AP) - The Maryland Board of Public Works has approved a contract modification of up to $2 million due to technical problems with the state's health care exchange.

The board approved the emergency modification 3-0 Wednesday. However, Comptroller Peter Franchot criticized the procurement process. Franchot says more than $160 million in contracts should have come before the Board of Public Works for greater scrutiny, instead of a separate health exchange board.

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Local News
12:11 pm
Fri January 17, 2014

Franchot Supports Easing Estate Tax Exemption

Maryland Comptroller Peter Franchot
Credit official photo

SALISBURY, MD. (AP) - Comptroller Peter Franchot is expressing support for Maryland to recouple its estate tax with the federal government.

Frnachot voiced support for the change on Thursday at the Salisbury Area Chamber of Commerce's annual economic forecast event.

Maryland's presiding officers of the Legislature also have expressed support for the change.

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News
10:22 am
Fri August 16, 2013

Franchot: Start School After Labor Day

Credit Don Rush

Maryland Comptroller Peter Franchot says the public school year should being after Labor Day generating millions of dollars in state revenue and boosting the state’s economy.

During an appearance with local officials and business leaders in Ocean City yesterday, Franchot said, he best part of the proposal is that “it does not cost anything”.

The Board of Revenue Estimates says that it could increase direct economic activity by $74.3 million which includes $3.7 million in new wages.

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News
9:27 am
Wed June 19, 2013

Savings Summit Held Today in Maryland

Credit Don Rush

Maryland officials are holding a first-ever savings summit.

The event on Wednesday will feature financial experts in Annapolis.

Comptroller Peter Franchot, state Treasurer Nancy Kopp and Maryland Department of Budget and Management Secretary T. Eloise Foster are scheduled to attend.

Banking and lending experts also will analyze the current savings climate in Maryland.

Studies estimate that nearly 40 percent of older households in Maryland are inadequately prepared for retirement. 

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News
12:00 pm
Wed May 15, 2013

Peter Franchot Hands MD Governor Surprise

Maryland Comptroller Peter Franchot
Credit official photo

ANNAPOLIS, Md. (AP) - For once, Gov. Martin O'Malley got a pleasant surprise from Comptroller Peter Franchot at the start of a Board of Public Works meeting.

Franchot presented the governor with a check for $271 from the comptroller's unclaimed properties division Wednesday.

O'Malley told the comptroller: "This is the first thing you've ever given me." The remark prompted laughs from people attending the meeting.

The two have had frequent sparring bouts over the years about board decisions.

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News
12:26 pm
Thu April 18, 2013

MD Peter Franchot Calls for Resignation of Towson University President

Towson University President Maravene Loeschke
Credit University President official website

ANNAPOLIS, Md. (AP) - Maryland Comptroller Peter Franchot is calling on the president of Towson University to resign over her handling of sports programs at the university.

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News
3:15 pm
Thu August 30, 2012

MD Fiscal Year Ends With Extra $230 Million

State Comptroller Peter Franchot, franchot.com

ANNAPOLIS, Md. (AP) - Maryland has ended fiscal year 2012 with nearly $230 million more than expected.


Comptroller Peter Franchot on Thursday released the final numbers for the fiscal year that ended July 1. Franchot says general fund revenues were about $14.3 billion.


The extra $230 million is on top of about $200 million in fund balance that also is available for the upcoming budget cycle.

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News
11:25 am
Mon August 6, 2012

Comptroller Kicks Off Shop Maryland Week

HAGERSTOWN, Md. (AP) - Maryland state Comptroller Peter Franchot is in Hagerstown to promote an upcoming week of tax-free shopping.

His news conference Monday at the Hagerstown Premium Outlets kicks off a series of media appearances around the state in advance of Shop Maryland Week.

Starting Sunday and continuing through Aug. 18, purchases of qualifying clothes and shoes for $100 or less are exempt from the state's 6 percent sales tax.

The sales tax holiday is meant to encourage families to do their back-to-school shopping at Maryland stores.

News
8:52 am
Thu July 26, 2012

Alcohol and Tobacco Contraband Violations Up In Maryland

Violations for contraband tobacco and alcohol were on the rise during the last fiscal year in Maryland.

State Comptroller Peter Franchot says that 196 people were charged with tobacco violations for the period that ended on July 1st.

He also said nearly $2 million worth of cigarettes were confiscated during the same period.

That’s nearly 326-thousand packs of cigarettes – up by over a 100-thousand during the same period the year before.

News
9:00 am
Thu April 19, 2012

Maryland Property Tax Rate Holds Steady

 

      ANNAPOLIS, Md. (AP) - Maryland's property tax will hold stead for now, but Comptroller Peter Franchot is warning about rising debt service obligations in upcoming years.

     The Board of Public Works on Wednesday held the state property tax to 11.2 cents per $100 of assessed property value.

     But Franchot noted that debt service obligations will increase in the next several years to $1.4 billion. He says it's important the state keep that in mind.

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