State Revenue Forecast Ticks Up Despite Weak Growth
Maryland’s latest revenue forecast adds $319.9 million to expected fiscal 2027 revenues, but underlying General Fund revenues are still projected to decline 0.9% as the State faces slow growth, federal employment losses, elevated inflation, and other economic risks. The Maryland Board of Revenue Estimates (BRE) released its September update this week, raising the fiscal 2027 revenue forecast to $27.44 billion. BRE also issued its first fiscal 2028 forecast of $28.35 billion, representing 3.3% growth in…