BALTIMORE, MD (WBFF) — As Baltimore voters prepare to decide this fall whether to authorize another $280 million in city borrowing, data shows the city already carries one of the heaviest bond debt burdens in Maryland — a level economists warn leaves little room for error amid fiscal uncertainty.
According to Maryland’s 2026 Debt Measures Report, Baltimore City has approximately $4.1 billion in outstanding bond debt, the third-highest total among Maryland jurisdictions. Only Prince George’s County, at $5.8 billion, and Montgomery County, at $8.9 billion, owe more.
But economists say the more troubling figure is not the total debt itself. It’s how much debt Baltimore carries relative to its tax base…