MD sees modest $479M surplus in FY24, with higher revenue growth than expected

Maryland emerged from the last fiscal year with about $479 million in uncommitted surplus after benefiting from a record amount of interest income and stronger-than-expected revenue growth, the state comptroller said Friday. The state ended the previous fiscal year with $555 million in uncommitted funds, which was a fraction of its multibillion-dollar surpluses from the prior two years.