Maryland Fiscal Statistics

StatisNostics/State Financials/Maryland

Generating Chart...

Filter Data by Year

20122022

Generating Chart...

State Revenue Analysis (Maryland: 2012–2022)

Population: 5,891,819 → 6,055,802 (2.8% change)

Overall Revenue Trends

Total Revenue▲ 77.8%

$34,889,121,000 (2012)→$62,043,245,000 (2022)

Per Capita Revenue▲ 73%

$5,922 (2012)→$10,245 (2022)

Fund Balances▼ 100%

$16,760,384,000 (2012)→$0 (2022)

Revenue Volatility✓ Low

Avg. fluctuation: 6.1%

Major Tax Revenue

Property Tax▲ 23.1%

$755,937,000 (2012)→$930,810,000 (2022)

Sales Tax▲ 62.8%

$4,076,578,000 (2012)→$6,638,205,000 (2022)

Utility Revenue

Sewerage Charges▲ 56.4%

$110,520,000 (2012)→$172,843,000 (2022)

Growth Analysis

Fastest Growing Revenue Sources

Amusement License Tax▲ 7453.8%

$26,000→$1,964,000

Amusement Tax▲ 4241.5%

$27,504,000→$1,194,074,000

Federal Intergovernmental Air Transportation▲ 330.2%

$4,344,000→$18,690,000

Declining/Slowest Growing Sources

Workers Compensation - Interest Earnings▼ 99.1%

$57,878,000→$497,000

Workers Compensation - Other Contributions▼ 86.1%

$198,295,000→$27,653,000

Local Intergovernmental Education▼ 80.9%

$74,920,000→$14,299,000

Revenue Forecast

Projected Revenue (Next Year)▲ 14.9%

Estimated: $71,296,609,544

Based on 3-year revenue trend

Revenue Composition

2012 Revenue Breakdown

Individual Income Tax20.4%

Federal Intergovernmental Public Welfare14.9%

Total General Sales Taxes11.7%

Federal Intergovernmental Education5.3%

Other Selective Sales Taxes3.8%

Higher Education Tuition Charges3.7%

Unemployment - Contribution3.2%

Federal Intergovernmental Health & Hospitals2.7%

Corporation Net Income Tax2.5%

Property Tax2.2%

Motor Fuels Sales Tax2.1%

Net Lottery Revenue2.1%

Federal Intergovernmental Highways1.9%

Higher Education Auxiliary Charges1.7%

Miscellaneous General Revenue Not Elsewhere Classified1.6%

Federal Intergovernmental Other1.6%

Interest Earnings1.5%

Motor Vehicle License1.3%

Insurance Premium Tax1.2%

Toll Highway Charges1.2%

Tobacco Sales Tax1.2%

All Other Not Elsewhere Classified Charges1.0%

Federal Intergovernmental Housing & Community Development0.9%

Fines & Forfeits0.9%

Donations From Private Sources0.8%

Federal Intergovernmental Transit Utilities0.8%

Air Transportation Charges0.6%

Workers Compensation - Other Contributions0.6%

Death & Gift Tax0.6%

Hospital Charges0.5%

Rents0.4%

Occupation & Business License Not Elsewhere Classified0.4%

Transit Utilities Revenue0.4%

Documentary & Stock Transfer Tax0.4%

Public Utilities Tax0.4%

Local Intergovernmental Health & Hospitals0.3%

Taxes Not Elsewhere Classified0.3%

Sewerage Charges0.3%

Other In Trust - Other Contributions0.3%

Local Intergovernmental Other0.3%

Federal Intergovernmental Other Natural Resources0.3%

Corporation License Tax0.3%

Federal Intergovernmental Employment Security Administration0.2%

Local Intergovernmental Education0.2%

Workers Compensation - Interest Earnings0.2%

Water Transportation & Terminal Charges0.2%

Federal Intergovernmental Sewerage0.2%

Alcoholic Beverage Sales Tax0.1%

Amusement Tax0.1%

Motor Vehicle Operators License0.1%

Parks & Recreation Charges0.1%

Local Intergovernmental Public Welfare0.1%

Local Intergovernmental Highways0.1%

Federal Intergovernmental Water Utilities0.1%

Other In Trust - Interest Revenue0.0%

Hunting & Fishing License0.0%

Natural Resources Not Elsewhere Classified Charges0.0%

Unemployment - Interest Revenue0.0%

Regular Highway Charges0.0%

Housing & Community Development Charges0.0%

Sale of Property0.0%

Miscellaneous Commercial Activity Not Elsewhere Classified Charges0.0%

Federal Intergovernmental Air Transportation0.0%

Other License Tax0.0%

Parimutuels Tax0.0%

Alcoholic Beverage License Tax0.0%

Local Intergovernmental Transit Utilities0.0%

Education Other State Charges Not Elsewhere Classified0.0%

Amusement License Tax0.0%

2022 Revenue Breakdown

Individual Income Tax19.7%

Federal Intergovernmental Public Welfare18.6%

Total General Sales Taxes10.7%

Federal Intergovernmental Health & Hospitals6.3%

Federal Intergovernmental Education5.4%

Federal Intergovernmental Other3.5%

Corporation Net Income Tax3.5%

Unemployment - Contribution3.3%

Other Selective Sales Taxes2.8%

Higher Education Tuition Charges2.4%

Miscellaneous General Revenue Not Elsewhere Classified2.2%

Amusement Tax1.9%

Motor Fuels Sales Tax1.8%

Property Tax1.5%

All Other Not Elsewhere Classified Charges1.4%

Insurance Premium Tax1.3%

Federal Intergovernmental Highways1.2%

Federal Intergovernmental Housing & Community Development1.2%

Toll Highway Charges1.2%

Higher Education Auxiliary Charges1.2%

Net Lottery Revenue1.1%

Motor Vehicle License0.8%

Tobacco Sales Tax0.8%

Documentary & Stock Transfer Tax0.6%

Donations From Private Sources0.5%

Occupation & Business License Not Elsewhere Classified0.5%

Taxes Not Elsewhere Classified0.5%

Air Transportation Charges0.4%

Death & Gift Tax0.4%

Fines & Forfeits0.4%

Interest Earnings0.3%

Sewerage Charges0.3%

Rents0.3%

Public Utilities Tax0.2%

Corporation License Tax0.2%

Hospital Charges0.2%

Federal Intergovernmental Employment Security Administration0.2%

Local Intergovernmental Other0.2%

Transit Utilities Revenue0.1%

Other In Trust - Other Contributions0.1%

Federal Intergovernmental Other Natural Resources0.1%

Water Transportation & Terminal Charges0.1%

Federal Intergovernmental Sewerage0.1%

Parks & Recreation Charges0.1%

Alcoholic Beverage Sales Tax0.1%

Motor Vehicle Operators License0.1%

Workers Compensation - Other Contributions0.0%

Local Intergovernmental Highways0.0%

Natural Resources Not Elsewhere Classified Charges0.0%

Federal Intergovernmental Air Transportation0.0%

Hunting & Fishing License0.0%

Regular Highway Charges0.0%

Unemployment - Interest Revenue0.0%

Housing & Community Development Charges0.0%

Local Intergovernmental Education0.0%

Sale of Property0.0%

Miscellaneous Commercial Activity Not Elsewhere Classified Charges0.0%

Amusement License Tax0.0%

Other License Tax0.0%

Alcoholic Beverage License Tax0.0%

Parimutuels Tax0.0%

Workers Compensation - Interest Earnings0.0%

Education Other State Charges Not Elsewhere Classified0.0%

Solid Waste Charges0.0%

Key Insights

1Total revenue increased by 77.8% from 2012 to 2022, representing a significant change in the state's financial position.
2Utility revenue growth was exceptional, with sewerage up 56.4%, suggesting infrastructure expansion or rate adjustments.
3Population changed by 2.8%, while per-capita revenue changed by 73.0%.
4The state's fund balances decreased by 100%, suggesting financial challenges or major capital expenditures.

Generating Chart...

State Expense Analysis (Maryland: 2012 - 2022)

Total Expenditure Trends

Operating Expenditures▲ 203%

$13,270,269,000→$40,273,936,000

Per Capita Spending▲ 195%

$2,252→$6,650

Population Trends

Population Change▲ 2.8%

5,891,819 (2012)→6,055,802 (2022)

⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▲ 97%

$431,636,000 (2012)→$851,273,000 (2022)

Fire Protection▼ 0%

$0 (2012)→$0 (2022)

Infrastructure Expenses

Highways Maintenance▲ 40%

$511,572,000 (2012)→$714,417,000 (2022)

Sewerage Operations▲ 98%

$106,395,000 (2012)→$211,067,000 (2022)

Administrative Expenses

Financial Administration▲ 58%

$623,457,000 (2012)→$986,624,000 (2022)

General Expenses▲ 133%

$444,917,000 (2012)→$1,034,979,000 (2022)

Maryland Key Insights

1Per capita expenditures grew by 195%, indicating substantial service expansion or cost increases not explained by population growth alone
2General expenses increased dramatically by 133%, which may indicate classification changes, new initiatives, or reporting adjustments
3Sewerage was the fastest growing major expense category at 98% increase

Generating Chart...

State Debt Analysis (2012-2022)

Debt Trends

Total Long-Term Debt▲ 72%

$14,751,699,000 (2012)→$25,415,597,000 (2022)

Industrial Revenue Debt▼ 100%

$10,987,560,000 (2012)→$0 (2022)

Per Capita Debt▲ 68%

$2,504 (2012)→$4,197 (2022)

Population Trends

Population Change▲ 2.8%

5,891,819 (2012)→6,055,802 (2022)

Debt Management

Most Recent Year (2022)

Issued:$4,489,548,000

Retired:$2,915,131,000

Net Change:+$1,574,417,000

Debt Retirement Trend

$1,713,623,000 → $2,915,131,000▲ 70%

🔄 Significant change in retirement strategy detected

Key Insights

1The sharp increase in unspecified long-term debt suggests major capital projects or financial restructuring.
2There appears to be a significant shift in debt management strategy between 2012-2022, with a move toward higher debt levels.
3New debt issuance significantly increased the per-resident debt burden (up 68%).