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St. Mary's College tells legislators enrollment has stabilized and audit fixes are underway as DLS recommends concurrence with FY26 allowance
Summary
Analysts reported enrollment growth and an adjusted FY26 state allocation for St. Mary’s College of Maryland; the college described accounting classification corrections and actions to address repeat audit findings while seeking continued support under its statutory funding formula.
The Education and Economic Development Subcommittee heard that St. Mary’s College of Maryland’s enrollment has stabilized and that the college has taken corrective steps following a December 2024 Office of Legislative Audits report.
DLS analyst Kelly Norton told the committee that total undergraduate enrollment rose modestly from fall 2023 to fall 2024 and highlighted declines and recoveries across retention and graduation-rate metrics. Norton said the proposed fiscal 2026 budget includes a general fund increase of $700,000 after contingent adjustments and that total state-supported funding increases by about $2.2 million when accounting for FY25 salary…
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