Balanced Budget

The "Triple-A" Bond rating -- Maryland's credit rating

 

Maryland continues to maintain an honestly balanced budget.  In addition, Maryland has retained a "Triple-A" bond rating for an unprecedented 50th year in a row.  The importance of this is two-fold.

  1. It is of practical value.  By having this highest of all ratings Maryland is able to borrow funds for purposes like school and road construction at the lowest interest rates available in the market.
  2. Additionally, this "Triple-A" rating stands as statement of our state's fiscal stability and its wise financial management.  Only states that limit their overall debt level receive this rating.

Kumar Barve is proud to be a part of the financial leadership of our state.  Using his experience in the private sector as the Chief Financial Officer of a company in Rockville, he has been able to keep Maryland on a sound financial path.

 

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