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Maryland fiscal briefing: governor's plan narrows short-term gap but leaves $186 million structural shortfall for FY26
Summary
Department of Legislative Services staff told the House Environment and Transportation Committee on Jan. 30 that Gov. Hogan's proposed FY26 budget reduces a multi‑billion-dollar forecast shortfall through statutory changes and transfers, but a $186 million structural gap remains for fiscal 2026 and longer-term deficits persist through 2030.
Dave Romans, Department of Legislative Services staff, told the House Environment and Transportation Committee on Jan. 30 that the governor's proposed FY26 operating budget totals $67.3 billion and narrows a previously forecast shortfall but does not achieve full structural balance in fiscal 2026.
Romans said the governor's package relies heavily on a Budget Reconciliation and Financing Act (BRFAA) that includes roughly $3.0 billion of statutory changes and financing actions. "The BRFAA is just those things that require a statutory change," Romans said during the briefing.
The governor's proposal shows total general fund spending of about $27.0 billion, a decrease of about $274 million (roughly 1 percent) from the current year, according to Romans. The state would end fiscal 2026 with an estimated general fund cash balance of about $106 million and a rainy…
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