Become part of the movement for unbiased, accessible election information. Donate today.
Maryland state budget (2008-2009)
| Note: This article was last updated in 2009. Click here for more recent information on state budgets and finances. |
Maryland faced an estimated $691 million budget gap for fiscal year 2009. The Center on Budget and Policy Priorities projected that the deficit would rise to $1.9 billion deficit for fiscal year 2010.[1]
Budget background
- See also: Maryland state budget and finances
Maryland's fiscal year begins July 1 and ends June 30 of the following year. Every year around August or September the Department of Legislative Services develops the fiscal forecast for the year in order to help create a balanced budget for the next fiscal year. In August the state's individual agencies submit budget requests and between October and November the governor holds hearings with each agency. By the end of December, the governor completes a budget recommendation, which is presented to the legislature on the 7th or 10th day of session in January. The legislature gets the final say on the budget. The governor lacks any veto authority with respect to the budget as passed.[2]
- Individual income tax payments and the sales tax made up 80 percent of the state's fiscal year 2009 $14.4 billion general fund.[3]
Budget figures
The following table provides a history of Maryland's expenditures and gross domestic product (GDP).
| Fiscal year | Expenditures (billions) | GDP (billions) |
|---|---|---|
| 2000 | $30.6[4] | $180.4[4] |
| 2001 | $33.2[4] | $192.7[4] |
| 2002 | $35.7[4] | $204.1[4] |
| 2003 | $37.1[4] | $213.3[4] |
| 2004 | $38.5[4] | $228.2[4] |
| 2005 | $41.4[4] | $243.9[4] |
| 2006 | $44.2[4] | $257.6[4] |
| 2007 | $47.3[4] | $268.7[4] |
| 2008 | $50.7[4] | $280.3[4] |
| 2009 | $54.3*[4] | $292.4*[4] |
- NOTE: The figures for FY 2009 had not been finalized at the time this data was compiled.
Approved Actions
Governor Martin O'Malley
Gov. O'Malley talks about Maryland's budget |
On October 15, 2008 Governor O’Malley and the Board of Public Works approved over $345 million in budget reductions to balance the fiscal year 2009 budget, including over $297 million in general funds, and over $50 million in special and federal funds. The board also approved the elimination of 830 state positions.[5]
See also
Footnotes
- ↑ Center on Budget and Policy Priorities, "State budget troubles worsen," March 13,2009
- ↑ State of Maryland, "Overview of Maryland budget processes," October 24,2002
- ↑ Associated Press, "Md. comptroller says revenue estimates may be cut," February 17,2009 (dead link)
- ↑ 4.00 4.01 4.02 4.03 4.04 4.05 4.06 4.07 4.08 4.09 4.10 4.11 4.12 4.13 4.14 4.15 4.16 4.17 4.18 4.19 US Government Spending, "Maryland State and Local spending," accessed March 17,2009
- ↑ Governor Martin O'Malley, "Governor O'Malley, Board of Public Works Cut Over $345 Million from FY09 Budget," October 15,2008
 |
State of Maryland Annapolis (capital) |
|---|---|
| Elections |
What's on my ballot? | Elections in 2025 | How to vote | How to run for office | Ballot measures |
| Government |
Who represents me? | U.S. President | U.S. Congress | Federal courts | State executives | State legislature | State and local courts | Counties | Cities | School districts | Public policy |
