Maryland state budget

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The Maryland state budget for each fiscal year, covering a period ending on June 30, is approved by the Maryland General Assembly. For the fiscal year ending June 30, 2018, Maryland had a budget of $43.6 billion. [1]

Contents

Income for the Maryland budget is received from corporate tax, sales tax, individual income tax, and property tax.

Budget by counties

Maryland's budget is invested in the following departments:

Budget for the University System of Maryland

The portion of Maryland's budget invested in University System of Maryland is $5.48 billion. USM is a public corporation and charter school system comprising 12 Maryland institutions of higher education, this budget is distributed among its universities:

Budget for Maryland counties

Another portion of the budget is invested in the State of Maryland's 23 counties:

For example, FY 2018 Maryland state budget included $2.3 billion for Montgomery County, of which $1.48 billion was invested in Montgomery County Public Schools and $128 million in Montgomery College. Montgomery County Public Libraries received $40.6 million of the budget. Other departments receiving a share of the FY 2018 budget included Montgomery County Police Department, Montgomery County Fire and Rescue Service, and Department of Recreation. [2]

Government budget balance

Government budget balance in 2018 presents a gap between budget proposed and Maryland income of $250 million. In 2018, there is no surplus in Maryland finances. [3]

See also

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References

  1. "Budget" (PDF). dbm.maryland.gov. 2018.
  2. "Montgomery County Spending". Montgomery County MD. Retrieved October 12, 2016.
  3. Wiggins, Ovetta (17 October 2017). "Md. budget analyst: 'The outlook is better than I expected'". The Washington Post . Archived from the original on 2018-06-28. Retrieved 2019-12-31.{{cite news}}: CS1 maint: unfit URL (link)