Home Our Agency Bureau of Revenue Estimates Bureau of Revenue Estimates The Bureau of Revenue Estimates serves as economic staff for the Comptroller and staff for the Board of Revenue Estimates. As such, the Bureau forecasts and analyzes the State and national economies; forecasts, analyzes and monitors State revenues; and analyzes the effects of State and federal tax legislation on the State's revenues. In addition, the Bureau provides updates and analyses of the State's economy, revenue performance and revenue forecasts to the bond rating agencies prior to every bond sale and otherwise as conditions warrant. The Bureau acts as legislative staff for the Comptroller on all tax bills and several other types of legislation. Bureau staff prepares fiscal notes for all legislation on tax administered by the Comptroller, acts as a primary contact with legislative staff on tax and revenue issues, attends hearings on tax bills, and prepares and gives testimony representing the Comptroller on matters of tax legislation. The Bureau prepares economic and revenue data for the Official Statement prepared for each bond offering. Prior to each bond sale, the Bureau participates in conference calls with the bond rating agencies, along with the Treasurer, Secretary of Budget and Management, and the Director of the Office of Policy Analysis of Department of Legislative Services, providing updates on developments and prospects for the State's economy and revenues. The Bureau is responsible for estimating the impact of any changes to the federal Internal Revenue Code on State revenues and reporting that impact to the Governor and the General Assembly within sixty days. The Bureau is also generally responsible for reports required of the Comptroller by statute, excluding regulatory issues, and most other tax policy analyses and information requests from legislators, the executive branch, other state and local governments, interest groups and the general public. Mission Statement Our mission is to encourage compliance with tax laws through aggressive but equitable enforcement activities to level the playing field for all taxpayers. All taxpayers will be treated fairly and will receive courteous service. Board of Revenue Estimates The Board of Revenue Estimates is responsible for estimating State revenues. The Board reviews the findings and recommendations of the Revenue Monitoring Consensus Group . The Board has three ex office members: the Comptroller of Maryland, the State Treasurer, and the Secretary of Budget and Management. The Director of the Bureau of Revenue Estimates serves as Executive Secretary. Estimated Maryland Revenues and Revisions Revenue estimates from the Board contain the most recent state revenue forecasts, analyses of the Maryland and national economies, and other valuable information. September 2020 Revision May 2020 Estimates - May 14 BRE Meeting March 2020 Revision December 2019 Estimated Maryland Revenues September 2019 Revision March 2019 Revision December 2018 Estimated Maryland Revenues September 2018 Revision March 2018 Revision BRE Report and Data - The Impact of Age Demographics on Maryland's Economic and Revenue Outlook December 2017 Estimated Maryland Revenues September 2017 Revision March 2017 Revision December 2016 Estimated Maryland Revenues September 2016 Revision March 2016 Revision March 2016 Estimated Maryland Revenues December 2015 Estimated Maryland Revenues September 2015 Estimated Maryland Revenues March 2015 Estimated Maryland Revenues December 2014 Estimated Maryland Revenues Bureau of Revenue Estimates, Analysis of December 2014 General Fund Revenues September 2014 Revision March 2014 Revision December 2013 Estimated Maryland Revenues September 2013 Revision March 2013 Revision December 2012 Estimated Maryland Revenues September 2012 Revision March 2012 Revision December 2011 Estimated Maryland Revenues Upcoming Meetings The Board meets three times a year; March, September and December. Date: December 11, 2020 Time: 1pm Location: The Board of Revenue Estimates Meeting will be streamed live on the Comptroller's Facebook page Link: Comptroller of Maryland Facebook Page Related Links Maryland Money: Web site containing the financial reports for the Comptroller of Maryland. Board of Revenue Estimates: The Board of Revenue Estimates is responsible for estimating State revenues. Contact Information Division Director Andrew Schaufele, Director Division Staff David Farkas, Deputy Director Natalia Medynets, Revenue Policy Analyst Jose Perez, Revenue Policy Analyst William Hankins, Revenue Policy Analyst Carol Novella, Contractual Agent Kynara Fogan, Executive Assistant Phone: 410-260-7450 Our Organization Organizational Chart
