Where Do We Fit On the State/Local Balance Sheet?

An annual “Balance Sheet” report from the Department of Legislative Services shows the net effects of state revenues and state aid, by jurisdiction.

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The Balance Sheet is an annual report, derived from the most recent audited data, assessing the revenue contributions and local aid distributions for each Maryland jurisdiction. While no single measure can fully capture these fiscal matters perfectly, this report is frequently employed to gather a relative sense of these intergovernmental finance issues across counties.

The report, published each year since 1979, uses audited data from multiple sources – causing the delay in publication of its final values. The report published this fall includes data through FY 2017.

Read the Department of Legislative Services’ Balance Sheet online.

Watching county budgets? You won’t want to miss a hot topic session at MACo’s Winter Conference, “A Perfect Storm for County Budgets…Revisited.”

  • Description: A storm is brewing. Rising costs, revenue write-downs, unfunded mandates, and greater demand for services all signal turbulent times ahead for county government budgets. Economic instability, shifting demographics, and the ambitious, multi-billion-dollar overhaul of Maryland’s education system only exacerbate the growing pressure on county budgets. In this session, panelists will present a realistic economic outlook, share best practices for planning, budgeting, and forecasting, and discuss strategies for how counties can best prepare for future fiscal uncertainties.
  • Speakers:
    • Ted Zaleski, Director, Management and Budget, Carroll County
    • Robert Sandlass, Treasurer, Harford County
    • Andrew Schaufele, Director, Bureau of Revenue Estimates, Comptroller of Maryland (inv)
  • Date/Time: Thursday, December 5, 2019; 2:00 pm – 3:00 pm

Learn more about MACo’s Winter Conference:

 

Michael Sanderson

Executive Director Maryland Association of Counties
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