Coming Up in Maryland Politics
Coming up in Maryland politics
STATE GOVERNMENT
* Gov. Martin O'Malley (D) meets Tuesday morning with representatives of the loan service industry, as he continues to highlight the state's home foreclosure problems. O'Malley has had harsh words for the industry in recent days. Last week, he announced emergency regulations requiring loan service companies to tell the state when residents are in danger of losing their homes so the government can offer help. The rate of foreclosure actions has soared across the state, with the Washington suburbs hit hardest.
* The Maryland Public Service Commission has ordered Constellation Energy, the parent company of Baltimore Gas & Electric, to appear at a hearing on Tuesday, as the commission continues to assess the impact of the 1999 deregulation of the electric power industry. The PSC held a similar hearing earlier this month, but Constellation refused to send representatives -- infuriating commission members. Constellation contends that the commission's efforts to undo parts of deregulation has created a hostile climate for the industry.
By Anne Bartlett |
February 25, 2008; 7:57 AM ET
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Posted by: Robin Ficker Broker Robin Realty | February 25, 2008 10:13 AM
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When Governor O'Malley was on WTOP radio a couple of weeks ago, I recounted all the state tax increases we had just been given and told him the Leggett-Knapp tax increase team was going to give us a great big property tax increase in Montgomery County. I asked the Governor if he didn't think these taxes would result in hundreds of more foreclosures, mostly minorities. He didn't respond about taxes or foreclosures, but blamed Montgomery's "problems," on President Bush's cutbacks on federal funds to Montgomery County. The Governor seems to think that we can tax our way out of a recession and doesn't understand that property tax increases make it more difficlt to avoid foreclosure.