Maryland state budget
The Maryland state budget for each fiscal year, covering a period ending on June 30, is approved by the Maryland General Assembly. For the fiscal year ending June 30, 2018, Maryland had a budget of $43.6 billion.
Income for the Maryland budget is received from corporate tax, sales tax, individual income tax, and property tax.
Budget by counties
Maryland's budget is invested in the following departments:- Maryland Department of Health
- Maryland State Police
- Maryland Department of Transportation
- Maryland Department of Natural Resources and its Maryland Department of Natural Resources Police
- Maryland Department of General Services
- Maryland 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 of 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
- University of Maryland, Baltimore County
- University of Maryland, Baltimore
- University of Maryland Eastern Shore.
- Frostburg State University.
- Coppin State University.
- Bowie State University
- Universities at Shady Grove
- University System of Maryland at Hagerstown
- Salisbury University
- Towson University
- University of Maryland Global Campus
- University of Maryland Center for Environmental Science).
- University of Maryland Biotechnology Institute.
Budget for Maryland counties
Another portion of the budget is invested in the State of Maryland's 23 counties:For example, FY 2018 Maryland state budget included $2.3 billion for Montgomery County, of which $1.48 billion was invested in Montgomery County Public Schools and $128 million in Montgomery College. Montgomery County Public Libraries received $40.6 million of the budget. Other departments receiving a share of the FY 2018 budget included Montgomery County Police Department, Montgomery County Fire and Rescue Service, and Department of Recreation.