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The State Constitution requires that the Governor submit a budget to the Legislature by January 10. It provides for a balanced budget in that, if the proposed expenditures for the budget year exceed estimated revenues, the Governor is required to recommend the sources for the additional funding.
Helene T. Grady was nominated by Governor Moore to serve as the Secretary of Budget and Management in November, 2022 and sworn in on March 2, 2023.
ANNAPOLIS, Md. (AP) Despite recent fiscal challenges, Gov. Wes Moores $63 billion budget plan remains largely intact under legislation approved unanimously Thursday in the Maryland Senate.
The governor has the lead role in the budget process. Proposing a state budget for the upcoming fiscal year gives the governor the first word in each years budget deliberations. The May Revision gives the governor another opportunity to set the budget and policy agenda for the state.
The State operating budget must be balanced when the Governor submits it and when the General Assembly approves it.
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Marylands 1851 Constitution calls for the Comptroller of the Treasury to superintend fiscal affairsfor the support of the public credit. Since the office was created by the Maryland Constitution of 1851, it has grown from a comptroller and one clerk to an agency of 1,100 employees.
In many cases, top-level executives such as the CEO, CFO, or board of directors hold this responsibility. Larger organizations may have a finance or budget committee with key executives and department heads where they collaboratively review and approve budgets.

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