← Back to Newsroom

Maryland school construction bill would have debt financed by casino revenue

January 23, 2020 · 11:14am ET | 8:14am PT

ANNAPOLIS, Md. (AP) – A measure to steer significantly more money to school construction in Maryland is scheduled for a hearing in Annapolis.

Under the plan, $2.2 billion in additional funding would go to school construction over several years. It would be financed by bonds through the Maryland Stadium Authority, and the debt would be paid by $125 million annually from casino revenue that goes to the state for education.

The measure known as the “Built to Learn Act” is set for a hearing Thursday in the House Appropriations Committee.

The proposal is separate from a sweeping plan to spend billions of dollars over the next decade for needs inside the classroom.

 

Copyright 2020 The Associated Press.

Associated Press

Copyright Associated Press

10108 articles View profile