Hogan Notes Larger-Than-Expected Budget Balance | NBC4 Washington
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Hogan Notes Larger-Than-Expected Budget Balance

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    AP
    Maryland Gov. Larry Hogan discussed the budget debate in the final week of the state's legislative session, April 6, 2015, in Annapolis, Md.

    Gov. Larry Hogan says Maryland ended the fiscal year with a higher-than-expected budget balance.

    Hogan says the state's fund balance is about $295 million.

    The Republican says about $84 million of that is from reversions from state agencies. That's $54 million more than previously expected.

    Hogan says it's due to more careful management of state spending.

    Maryland also benefited from about $214 million in higher-than-anticipated state revenues.

    The governor noted the money needs to be used prudently. He says the state still has a $1.7 billion structural deficit over the next four years.