WASHINGTON -- The Maryland Capital Debt Affordability Committee, in response to sluggish economic conditions, is recommending that the state lower the amount of general obligation debt it plans to issue in fiscal 1994 by $20 million, to $350 million.

The committee said in its annual report that the new level "reflects a substantially diminished capacity associated with the lingering recesssionary condition of the Maryland economy."

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.