Maryland closed out fiscal year 2026 with $1.052 billion in its General Fund, according to the annual Closeout Report released Sept. 4 by the Office of the Comptroller — a result driven by revenue that outpaced projections despite continued losses in the state’s federal workforce.
Of that total, $551 million was already assigned by the General Assembly toward fiscal 2027 operations, leaving $501 million unassigned and available for future budget needs. “Closing the fiscal year with a positive balance is good news,” Comptroller Brooke E. Lierman said, adding that the unassigned balance puts Maryland “in a stronger fiscal position to navigate the budget challenges ahead.”
General Fund revenues totaled $28.06 billion for the year, a 9.1% increase over fiscal 2025. Excluding $405 million in one-time revenue, ongoing collections still grew 7.5%. Before accounting for required transfers, revenues came in $563.5 million, or 2%, above the state’s official estimate.
