Maryland Manual On-Line - www.mdmanual.net

BUDGET OF STATE GOVERNMENT


[photo, State House, Annapolis, Maryland]

  • State Budget Highlights, FY2014
  • State Budget Books, FY2014 (proposed operating budget detail)
  • Capital Budget FY2014 (proposed)

    Appropriations

    Budget Books

    Capital Budget

    Property Taxes

    Revenues

    State Basis for Local & State Purposes

    State House, Annapolis, Maryland, April 2005. Photo by Diane F. Evartt.


    To each annual session of the Maryland General Assembly, the Governor must submit a budget of government for the following fiscal year. The Constitution of Maryland requires that the budget of State government be balanced: total estimated revenues must equal or exceed total appropriations. The budget also must reflect any estimated revenue surplus or deficit at the end of the preceding year (Constitution, Art. III, sec. 52).

    For State government, the Department of Budget and Management is responsible for budget development, supervision of budget execution, and efficiency in State government.

    Every March, September, and December, the Board of Revenue Estimates submits fiscal recommendations with an itemized statement of estimated revenues to the Governor for submission to the General Assembly. The Board is within the Office of the Comptroller of Maryland, whose responsibilities include the collection of State revenues.

    Each December, the General Assembly's Spending Affordability Committee recommends to the Governor and Legislative Policy Committee the fiscal goals for the next legislative session.

    The largest sources of revenue for State government come from State income taxes, the State sales tax, and State Lottery income.


    APPROPRIATIONS

    BUDGET BOOKS

    CAPITAL BUDGET

    PROPERTY TAXES

    REVENUES

    STATE BASIS FOR LOCAL & STATE PURPOSES

    Maryland Constitutional Offices & Agencies
    Maryland Departments
    Maryland Independent Agencies
    Maryland Executive Commissions, Committees, Task Forces, & Advisory Boards
    Maryland Universities & Colleges
    Maryland Counties
    Maryland Municipalities
    Maryland at a Glance


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     Maryland Manual On-Line, 2014

    July 21, 2014

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