- Associated Press - Tuesday, December 9, 2014

ANNAPOLIS, Md. (AP) - Members of a Maryland Senate committee are expressing concern about how an upcoming decision on the State Center redevelopment project in Baltimore could affect the state’s debt limit.

Sen. Edward Kasemeyer, the chairman of the Senate Budget and Taxation Committee, said Tuesday he will send a letter to the Board of Public Works outlining concerns.

The board is scheduled to consider moving forward with part of the project next week.

But senators want to know more about whether approval could cause the state to breach its capital debt limit in fiscal year 2018. The state’s debt limit is not supposed to exceed 8 percent of state revenues.

The redevelopment of the massive state office complex calls for mixed-use development. The total cost has been estimated at about $1.5 billion.

Copyright © 2019 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide