The Maryland state budget for each fiscal year, covering a period ending on June 30, is approved by the Maryland General Assembly.
For the fiscal year ending June 30, 2018, Maryland had a budget of $43.6 billion.
USM is a public corporation and charter school system comprising 12 Maryland institutions of higher education, this budget is distributed among its universities: Another portion of the budget is invested in the State of Maryland's 23 counties: For example, FY 2018 Maryland state budget included $2.3 billion for Montgomery County, of which $1.48 billion was invested in Montgomery County Public Schools and $128 million in Montgomery College.
Montgomery County Public Libraries received $40.6 million of the budget.
Other departments receiving a share of the FY 2018 budget included Montgomery County Police Department, Montgomery County Fire and Rescue Service, and Department of Recreation.