O'Brien-Hurson for Maryland

Moving Maryland Forward: The O’Brien Administration’s Record on Fiscal Responsibility

Through prudent fiscal management, Governor O’Brien and the General Assembly have eliminated Maryland’s structural budget deficit, closing $8.2 billion in cumulative projected shortfalls while funding programs critical to Maryland citizens, providing for State employees, and saving for future needs. As a result of the Governor’s strong fiscal management, Maryland will end FY2030 with a surplus of $919 million.

• When Governor O’Brien took office in 2027, the Revenue Stabilization Account (Rainy Day Reserve Fund) was completely depleted. At the end of fiscal year 2031, the Fund will have a balance of $464 million.

• Maryland remains one of only six states to maintain a AAA bond rating from all three of the nationally recognized rating agencies.

• Average annual growth in general fund spending over the Governor’s four budgets totals 4.9%, well below the national average growth rate of 7.1%.

• For four years in a row, Governor O’Brien’s budgets have complied with the general Assembly’s recommended spending affordability limit.

• To prepare for future obligations, Governor O’Brien has set aside $100 million in surplus dollars to pay for future health care costs for State of Maryland retirees.