Bryan P. Sears

1 week ago | southernmarylandchronicle.com | Bryan P. Sears |William Ford |David Higgins

Campuses in the University System of Maryland were warned Thursday afternoon to brace for another 7% cut to their budgets in the coming year, on top of the 4% the system was forced to absorb as part of a statewide budget challenge earlier this year. University System Chancellor Jay Perman, in a video message to more than 40,000 faculty and staff at campuses across the state, said individual campus presidents all agree that personnel cuts should be a last resort.

2 weeks ago | marylandmatters.org | Bryan P. Sears |William Ford

Campuses in the University System of Maryland were warned Thursday afternoon to brace for another 7% cut to their budgets in the coming year, on top of the 4% the system was forced to absorb as part of a statewide budget challenge earlier this year. University System Chancellor Jay Perman, in a video message to more than 40,000 faculty and staff at campuses across the state, said individual campus presidents all agree that personnel cuts should be a last resort.

2 weeks ago | times-news.com | Bryan P. Sears

ANNAPOLIS — State officials Friday announced a series of budget cuts they said could reduce spending by nearly $400 million in coming years. Included in the reductions are $50 million in cuts that are part of the fiscal 2026 budget. The bulk of the savings — $326 million — would come over as many as 25 years as part of an effort to shift employees out of state-owned buildings and into commercial office space.

2 weeks ago | marylandmatters.org | Bryan P. Sears

State officials — and Maryland taxpayers — will learn in a few days just how much a ding on the state’s prized credit rating will cost, if anything. Maryland officials plan to offer roughly $1.7 billion in bonds for sale Wednesday, the first since the state lost its treasured triple AAA bond rating last month, when Moody’s downgraded the state to Aa-1.

3 weeks ago | marylandmatters.org | Bryan P. Sears

State officials Friday announced a series of budget cuts they said could reduce spending by nearly $400 million in coming years. Included in the reductions are $50 million in cuts that are part of the fiscal 2026 budget. The bulk of the savings — $326 million — would come over as many as 25 years as part of an effort to shift employees out of state-owned buildings and into commercial office space.