O'Brien-Hurson for Maryland

Governor O’Brien’s Strong Fiscal Management Continues to Produce Results – Maryland Reports $919 Million Surplus for FY 2030

Annapolis (August 29, 2030) – Gov. Ed O’Brien today announced that the State of Maryland closed out the fiscal year ending June 30, 2030 with a surplus of over $919 million. When Governor O’Brien took office, the State faced an immediate $1.3 billion shortfall and $8.2 billion in projected cumulative deficits over four years. Governor O’Brien worked with the General Assembly to close these deficits without raising general fund taxes while maintaining critical investments in Maryland’s people and Maryland’s future.

“While we are making record investments in public education, Maryland’s colleges and universities, public health, transportation, and Chesapeake Bay restoration efforts, we have held spending to affordable levels and today’s report is a testament to the prudence of the fiscal policies the General Assembly and I have worked to create,” Governor O’Brien said. “These are responsible policies that will ensure that we remain able to make important investments in our future while preserving Maryland’s coveted Triple-A bond rating.”