Moody’s downgraded Baltimore this week. Reserves keep shrinking, especially the utility funds. City still wants voters to greenlight another $280 million in borrowing.

Electric bills are climbing and 300,000 BGE customers are behind.

Will go bankrupt ~ 5 years.

Is rapidly becoming a "failed state" like Durban, South Africa. And for the same reason: huge population of very low-IQ, semi-literate people who's life is centered on crime, graft, and substance abuse. There's zero political will to clean up the…

— Porter Stansberry (@porterstansb) August 27, 2026

Moody’s cited years of falling reserves and cash
Worst holes in the utility and internal service funds
$280 million more borrowing on the fall ballot
Downgrade is a warning, not a default call
Homicides down, not up
300,000 BGE accounts late on bills

https://www.baltimoresun.com/2026/08/26/moodys-baltimore-credit-rating/