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Maryland Environmental Service posts small operating loss in FY24 but seeks $219.4 million FY26 allowance and statutory cap changes for contingency funds
Summary
DLS outlined MES’s audited fiscal 2024 results and the agency’s non‑budgeted fiscal 2026 operating plan; MES reported $30.7 million in net assets and about $219.4 million proposed operating allowance for FY26, while DLS recommended continued annual funding statements and noted contingency fund cap increases proposed in BRFAA.
The subcommittee heard the Department of Legislative Services analysis and Maryland Environmental Service (MES) leadership testimony on MES’s fiscal 2026 operating data, audited financial statements and project portfolio.
Steve Quist of DLS summarized MES’s fiscal 2024 audited results: MES reported roughly $30,700,000 in total net position and a negative operating income of approximately $833,000 despite a year‑over‑year revenue increase of about $19.3 million. DLS noted MES receives roughly 95% of its revenue from fee‑for‑service projects performed for state and local governments and that the largest growth in FY24 was in environmental engineering and dredging/restoration work.
DLS described MES’s fiscal 2026 operating allowance…
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