State to Unveil Latest Revenue Estimates

The Board of Revenue Estimates will meet virtually on Friday afternoon to vote on the revised general fund revenue estimates for fiscal years 2021 and 2022.

The forecasts for the current fiscal year and the one that begins in July 2021 will provide budget writers and policymakers with the latest revenue projections and economic trends largely driven by the COVID-19 pandemic.

The three-member panel, which includes Comptroller Peter Franchot, State Treasurer Nancy Kopp, and Secretary of Budget and Management David Brinkley, is responsible for estimating state revenues to assist with managing the State’s budget.

The briefing will begin at 1:00 pm and can be viewed on the Comptroller of Maryland Facebook page (https://www.facebook.com/ComptrollerofMaryland).

Stay tuned to Conduit Street for more information.

Useful Links

Previous Conduit Street Coverage: State Bumps Up FY 21 Revenue Projections by $1.4 Billion, $2.1 Billion for FY 22

Board of Revenue Estimates – September 2020 Guidance

Board of Revenue Estimates – Presentation Slides

Previous Conduit Street Coverage: State Revenues Exceed Expectations, But Economic Uncertainty Looms

Previous Conduit Street Coverage: Fiscal Leaders: State Revenue Shortfall Could Hit $4 Billion by FY 2022

Previous Conduit Street Coverage: Board Bumps Up Revenue Projections $130 Million for FY 20

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