State Budget and Fiscal Issues Archives

Finance and Procurement / State Budget and Fiscal Issues

State Retains AAA Rating as S&P Lowers Outlook to Negative

Maryland’s latest credit reviews preserved the State’s top-tier rating but also raised new concerns about long-term fiscal pressures and future budget sustainability. Maryland retained its top-tier credit standing this week as Fitch Ratings affirmed the State’s AAA issuer and general obligation bond ratings and assigned a AAA rating to $800 million in new GO bonds. At the same time, S&P Global Ratings also assigned a AAA rating to Maryland’s new 2026 GO bonds and affirmed…

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May 26, 2026

Maryland by the Numbers: The Latest UMBC Poll With Mileah Kromer

This week on the Conduit Street Podcast, Kevin Kinnally and Dominic Butchko sit down with Dr. Mileah Kromer, director of the Institute of Politics at UMBC, to break down the latest UMBC Poll releases and what they reveal about Maryland voters heading into the 2026 election cycle. Tune in to the Conduit Street Podcast weekly, wherever you get your podcasts! Subscribe to the Conduit Street Blog and stay in the know!

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May 8, 2026

County Budgets / County News / Economic Development / General Assembly News / Intergovernmental Relations / State Budget and Fiscal Issues / Transportation and Public Works

News or Noise? Breaking Down Maryland’s 2026 Session

This week on the Conduit Street Podcast, longtime hosts Kevin Kinnally and Michael Sanderson are "back in the saddle" with a post-session "news or noise" breakdown of what really mattered, and what didn't, from Maryland's 2026 legislative session. Tune in to the Conduit Street Podcast weekly, wherever you get your podcasts! Subscribe to the Conduit Street Blog and stay in the know!

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May 1, 2026

County News / Economic Development / Public Safety and Corrections / School Construction and Capital Budgets / State Budget and Fiscal Issues

Anne Arundel Maintains Triple-A Bond Rating

Anne Arundel County has once again earned a Triple-A bond rating from all three major credit rating agencies, marking the fourth consecutive year the county has received the highest possible designation. The ratings were reaffirmed by Fitch Ratings, Moody’s Ratings, and S&P Global Ratings, placing Anne Arundel among a small group of counties nationwide (roughly 1.5%) to hold top-tier ratings across all three agencies. From the press release: “Since the beginning of my administration, we…

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April 23, 2026

County News / State Budget and Fiscal Issues / Taxes and Revenues

State Keeps Property Tax Rate Flat for Fiscal 2027

The Board of Public Works (BPW) voted this week to maintain the State property tax rate for fiscal 2027, keeping rates unchanged at 11.2 cents per $100 of assessed value for real property and 28.0 cents per $100 for public utility property. The three-member board approved the rates unanimously, following a recommendation from the Commission on State Debt. The State property tax supports debt service on general obligation bonds, which fund capital investments such as…

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April 23, 2026

County Budgets / Policy Deep Dive / State Budget and Fiscal Issues

Deep Dive: Disparity Grant Delivers Less Than It Promises

This article is part of MACo’s Policy Deep Dive series, where expert policy analysts explore and explain the top county policy issues of the day. Maryland created the Disparity Grant to deal with a basic problem. Counties raise revenue very differently, even when they apply the same tax rates. Some generate far more at the same rate because of higher incomes, while others cannot keep up. The program still tries to address that gap. But…

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April 22, 2026

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2026 Session: Recap and Wrap-Ups

Catch up on all of the latest outcomes of the 2026 Maryland General Assembly session with wrap-ups on important county-related bills in each policy area. Maryland’s 448th legislative session unfolded under significant fiscal pressure. Lawmakers closed the fiscal 2027 gap, preserved reserves, and fully funded principal commitments, such as the Blueprint, but did not resolve the larger structural deficits projected for the years ahead. That budget pressure shaped debates across nearly every policy area, from…

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April 17, 2026

County News / MACo Testimony / State Budget and Fiscal Issues

2026 End of Session Wrap-Up: State Budget & Fiscal Issues

The segments below provide an overview of MACo’s work on State budget policy in the 2026 General Assembly session. County governments depend on a wide range of State-funded programs to deliver essential services. Changes in the State budget — whether in funding formulas, cost sharing, or program structure — can have broad and immediate impacts on county budgets. MACo advocates for predictable funding, protects against unfunded mandates, and supports targeted enhancements that align with local…

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April 16, 2026

County Budgets / Feature / General Assembly News / State Budget and Fiscal Issues

House Appropriations Committee Rejects AOT Cost Shift, Budget Moves to House Floor

The House Appropriations Committee rejected a proposed assisted outpatient treatment (AOT) cost shift and advanced the Budget Bill (SB 282) and Budget Reconciliation and Financing Act (SB 284) to the House floor. The Senate retained the AOT provision, which would have required counties to reimburse the Maryland Department of Health for escalating shares of program costs, starting at 25% and rising to 100%. The House removed that provision, avoiding a significant new State-mandated, locally funded…

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March 25, 2026

County Budgets / County News / Feature / State Budget and Fiscal Issues

Senate Advances Budget: Blocks Some Cost Shifts, But Fiscal Pressures Remain for Counties

The Maryland Senate has passed the Budget Bill (SB 282) and the Budget Reconciliation and Financing Act (SB 284), advancing both measures to the House of Delegates. The Senate plan largely mirrors Governor Moore's overall spending level, maintaining a roughly $70.8 billion budget while closing a projected $1.5 billion structural gap through fund transfers, targeted reductions, and financing adjustments. The plan leaves approximately $2.2 billion in the Rainy Day Fund, about 8% of general fund…

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March 18, 2026