Maryland state budget

Maryland has an annual budget of $43.6 billion, it is administered to manage state and county government operations. [1]

The 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 its 23 counties:

Montgomery County has a budget of $2.3 billion, of it, $1.48 billion is invested in Montgomery County Public Schools and $128 million is invested in Montgomery College,[2] while US$40,658,903[ are invested in Montgomery County Public Libraries. Other departaments where the budget is used are Montgomery County Police Department, Montgomery County Fire and Rescue Service, and Department of Recreation.

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]

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See also

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.CS1 maint: unfit url (link)
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