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Thursday, January 13, 2011

MARYLAND

Baker traveling north to reassure Wall St.

Prince George's County Executive Rushern L. Baker III (D) plans to head to Wall Street on Friday to offer assurances that despite economic challenges, his administration is in a good financial place.

Baker, who inherited a $77 million budget gap from his predecessor, Jack B. Johnson (D), has said he can plug it by trimming county spending and without tapping reserves of more than $100 million. The size of the county's reserves helps it maintain financial credibility with rating houses.

The county's budget is about $2.7 billion.

Baker told the County Council on Monday that he plans to "reassure" the big rating houses that the county's finances are in order. Prince George's has a Triple A bond rating, a highly coveted assessment that enables it to borrow money at lower rates. "We want to make sure we maintain that Triple A rating," he said.

- Miranda S. Spivack

Man found shot in head in Greenbelt

A man was found shot in the head in the hallway of a Greenbelt apartment building Wednesday evening, Greenbelt police said.

City police said that officers responding about 7:20 p.m. to a report of a disturbance in the 5900 block of Cherrywood Lane found the man, who was taken to a hospital. His condition was not known.

Police knew of no suspects or motive.

- Hamil R. Harris

Silver Spring project near Metro advances

The Donohoe Cos. and the Montgomery Housing Partnership will build a mixed-use development adjacent to the anticipated Purple Line in Silver Spring, Montgomery County officials announced Wednesday.

The nearly one-acre site at Fenton and Bonifant streets is near the new Silver Spring library, which is set to open in 2014.

Mary Anderson, a county spokeswoman, said the project will consist of mixed-income residential units and commercial space.


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