The state of Maryland closed the 2022 fiscal year with a revenue surplus of nearly $2 billion dollars.

This marks the second year in a row Maryland has seen a multi-million dollar windfall-- to which Maryland State Comptroller Peter Franchot credits “a massive unanticipated influx of revenues.”

Anirban Basu, economist and CEO of Sage Policy Group, explained how the State will allocate its surplus.

As required by law, $500 million will to go to the Rainy Day Fund and $370 million to the Fiscal Responsibility Fund.... Read More: FOX45