Maryland State Budget
7 fiscal years of all-funds spending, general fund, revenue and reserves for Maryland, home to 6.3 million residents.
Latest Budget: FY2027
$70.8 billion total expenditure ยท $28.3 billion general fund ยท $11,301 per resident
Spending Over Time
All funds vs general fund, FY2021โFY2027
All Budget Years
$70.8 billion
Total expenditure
$70.2 billion
Total expenditure
$70.9 billion
Total expenditure
$67.7 billion
Total expenditure
$69.1 billion
Total expenditure
$62.8 billion
Total expenditure
$55.1 billion
Total expenditure
Compare Maryland's Budget
About the Maryland Budget
Maryland's budget is reported on two bases. All-funds spending covers the general fund, federal grants, and dedicated funds together; the general fund is the discretionary portion funded mainly by state income and sales taxes, and it is what most budget debates are actually about.
Like almost every US state, Maryland is required to balance its operating budget, so it manages downturns through its rainy day fund rather than by running deficits. Capital projects are typically financed with bonds and sit outside that requirement.
Figures on this page come from the NASBO State Expenditure Report and Census Bureau state finance surveys, which use consistent definitions across all 50 states so the comparisons hold. Terms are defined in the US budget glossary.