Today: Board of Revenue Estimates to Vote on Revised Fiscal Forecast

The Board of Revenue Estimates will hold a virtual meeting this 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 will provide budget writers and policymakers with the latest revenue projections and economic trends largely driven by the COVID-19 pandemic and state and federal stimulus programs.

As previously reported on Conduit Street, President Biden this week is expected to sign a $1.9 trillion COVID-19 relief package that includes billions of dollars of direct, flexible funding for states and local governments — including $3.9 billion for the State of Maryland.

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 virtual meeting is scheduled for today, March 9, 2021, at 2:00 pm and will be streamed live on the Comptroller’s Facebook page.

Stay tuned to Conduit Street for more information.

Useful Links

Previous Conduit Street Coverage: $1.9 Trillion American Rescue Plan: State and Local Effects