27 Feb 2002
Page 1
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Newspaper
News
Location
Frederick, Maryland, United States of America
Date
Feb 27, 2002
Page
1
Federal Reserve Chairman Alan Greenspan told Congress that increasing signs show the recession may be ending, though with a subdued rebound likely. He cited strong consumer spending and said the Fed plans minimal rate changes, expecting 2.5 to 3 percent growth this year from late 1990s levels.
Frederick Mayor Jennifer Dougherty proposes slashing the Greater Frederick Development Corp. budget from $200,000 to $125,000 to phase out the nonprodu economic group in favor of a city agency. The move triggers a hard-fought budget battle with the Board of Aldermen and division among aldermen over the intervention.
Frederick County Commissioners condemned Duke Energy plans for a Point of Rocks power plant. At Winchester Hall they approved sending a letter to Maryland planning officials asserting the project violates the Adamstown Region Plan and conflicts with Smart Growth. They seek a meeting to oppose Duke’s state Public Service Commission application.
Federal funding for the Role Models Academy, a military style high school for dropouts, is set to end. The program, run by Modern Academy in northern Wanita ton County, faced audits and alleged privacy violations. Founders and officials cited private funds to continue, while critics warned about student outcomes and long term viability.
Former Frederick mayor Jim Grimes seeks to place a helicopter pad on his Gainsville Road property and will meet March 12 with the Holly Hills homeowners association to address concerns. The Frederick County Board of Appeals postponed its hearing to March 26 at Grimes' request, with his attorney saying Grimes will answer residents' questions about use intensity and hours on March 17.
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