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Maryland State Wire

Thursday, November 7, 2024

College Savings Plans of Maryland spent $12,756,000 since 2008

Money041

College Savings Plans of Maryland reported spending $216,199 - 22 percent - more in 2017 than it did 10 years ago, according to a Maryland State Wire analysis of state purchasing records.

The Department of Budget and Management publishes all payments made by public agencies in each fiscal year, with data available for fiscal years 2008 through 2017. Vendors include private businesses, local governments, non-profit organizations, and individuals.

College Savings Plans of Maryland reported 480 purchases in the last 10 years, with total purchases totaling $12,756,000.

College Savings Plans of Maryland purchases
Year
Total Annual Spending
Year-over-year change (%)
2008
$984,086
2009
$1,281,908
30.3
2010
$1,138,773
-11.2
2011
$1,122,654
-1.4
2012
$1,265,020
12.7
2013
$1,316,236
4
2014
$1,502,718
14.2
2015
$1,465,123
-2.5
2016
$1,479,197
1
2017
$1,200,285
-18.9

Source: Department of Budget and Management

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