We are over halfway through the 2019 legislative session. The work really heats up from here.
If you are a student in District 16 heading to college, please take a look at http://www.marckorman.com/scholarship for information about my legislative scholarship. The scholarship is available to those going to schools in Maryland or those studying a unique major elsewhere that is not available in Maryland.
One of the most consistent questions I receive is about the funding of the Maryland state pension. Local media will occasionally cover the fate of a $75 million supplemental payment the state sometimes makes to the pension fund, but rarely notes the state's annual acturially required contribution that next year will exceed $1.6 billion. The state funded ratio (the percentage of the total obligation currently funded) has steadily risen to 71.6% over the past few years and is projected to reach 80%--the desired minimum funding ratio from bond rating agencies--in 2026.
Last week I presented the Energy Storage Pilot Project Act (HB 650) to the Economic Matters Committee. The legislation will enact pilot programs for energy storage devices, which have many applications to strengthen and improve our electric grid including improving the effectiveness of intermittent renewables such as wind and solar.
For the past four years, I would "crash" the Appropriations Subcommittee on the Environment and Transportation budget hearing on Metro. Today, I was able to attend as a member of the subcommittee. The hearing featured testimony from our state budget analyst, the Secretary of Transportation, and the Metro General Manager. You can read the budget analysis the non-partisan Department of Legislative Services prepared here.
If you know of a District 16 resident who merits recognition or condolences or an upcoming event, please email firstname.lastname@example.org.
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