Tag: general fund
Schaufele says he is ‘very very bullish’ about the state’s fiscal outlook over the next two years
The state’s fiscal outlook appears to be very bright over the next two years even as the COVID-19 pandemic continues to bring about considerable economic uncertainty, Bureau of Revenue Estimates Director Andrew Schaufele said Tuesday.
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Franchot: Maryland’s economic future remains ‘completely and utterly unpredictable’
Maryland’s economic future remains uncertain because of the coronavirus pandemic even though the latest fiscal report shows a slight increase in revenues, Comptroller Peter Franchot said Thursday.
Read MoreBudget talk can be confusing: How big is it?
After Gov. Martin O’Malley releases his budget today, there may be some confusion about how much he actually plans to spend.
The overall state budget – the one that shows up every year around page 7 in the official budget highlights book – will likely be about $31 billion, same as this year after all the cuts.
Many media reports focus on the “general fund” budget that is less than half that total, about $13 billion. Some accounts have even referred to this the “operating budget.” It is not.
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