State revenues get modest bump despite ‘mixed’ economic indicators

The Board of Revenue Estimates added $320 million to its revenues forecast from March, but the report also highlighted concerns about growing inflation and a sharp drop in tax withholdings in the first half of the coming year compared to a year earlier.

By: Bryan P. Sears

Outlets: Maryland Matters

Published: September 25, 2026

Words: 785

Last Updated: 3 weeks, 2 days ago

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Maryland’s revenue forecast for the current year has improved and a first look at the coming fiscal year shows some modest improvement despite a “mixed picture” of economic indicators.

Those projections, released Thursday by the Board of Revenue Estimates, added $320 million to the board’s revenue forecast from March. But it also highlighted concerns about growing inflation and a projection that tax withholdings in the first half of the year would grow at half …

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