Maryland state budget
Maryland has an annual budget of 43.6 $ billion, it is administered to manage government operations and for county operations[1]
The income for Maryland budget is received form Corporate tax, Sales taxes, residents income taxes and resident property tax in the United States and tariffs.
Budget by counties
Marylands budget is invested in the following departments:
- Maryland Department of Health
- Maryland State Police
- Maryland Department of Transportation ($5 billion annual budget)
- Maryland Department of Natural Resources and its Maryland Department of Natural Resources Police (NRP)
- Maryland Department of General Services
- Department of Aging
- Maryland Department of Agriculture
- Maryland Department of Public Safety and Correctional Services
- Maryland Office of the Comptroller
- Maryland Police and Correctional Training Commission
- Maryland Transit Administration Police
Budget for the University System of Maryland
The portion 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:
- University of Maryland, College Park ($2.1 billion)
- University of Maryland, Baltimore County ($404.9 million)
- University of Maryland, Baltimore ($1.1 billion )
- University of Maryland Eastern Shore ($100 million).
- Frostburg State University ($100 million).
- Coppin State University ($100 million).
- Bowie State University
- Universities at Shady Grove
- University System of Maryland at Hagerstown
- Salisbury University
- Towson University
- University of Maryland University College
- University of Maryland Center for Environmental Science).
- University of Maryland Biotechnology Institute (Located in Inner Harbor).
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 billions are invested in Montgomery County Public Schools and $128 million are 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, Department of Recreation,
Government budget balance
Government budget balance in 2018 present a gap between budget proposed and Maryland income of $250 million. In 2018 there is no surplus in Maryland finances.[3]
See also
References
- ↑ "Budget" (PDF). dbm.maryland.gov. 2018.
- ↑ "Montgomery County Spending". Montgomery County MD. Retrieved October 12, 2016.
- ↑ Wiggins, Ovetta (17 October 2017). "Md. budget analyst: 'The outlook is better than I expected'" – via www.washingtonpost.com.