BUDGET OF STATE GOVERNMENT

To each annual session of the Maryland General Assembly, the Governor must submit a budget of government for the following fiscal year. For State government, the Department of Budget and Management is responsible for budget development, supervision of budget execution, and revenue estimating.

The Constitution of Maryland requires that the budget of State government be balanced: total estimated revenues must equal or exceed total appropriations. The budget also must reflect any estimated revenue surplus or deficit at the end of the preceding year (Constitution, Art. III, sec. 52).