Prior to COVID, Maryland Experienced Surpluses with Fiscally Responsible Leadership

Prior to COVID-19 (fiscal years 2015–2019), Maryland consistently ended each year with a positive General Fund balance (a cash surplus). By the late 2010s the state even achieved structural budget surpluses – meaning ongoing revenues exceeded ongoing expenditures – for the first time in over a decade[1]. Importantly, these surpluses were realized before any federal […]