Maryland : State Data and Comparisons : Data-Z

Maryland

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Maryland owes more than it owns.

Maryland has a -$11,100 Taxpayer Burden.™

Maryland is a Sinkhole State without enough assets to cover its debt.

Elected officials have created a Taxpayer Burden™, which is each taxpayer's share of state bills after its available assets have been tapped.

TIA's Taxpayer Burden™ measurement incorporates both assets and liabilities, not just pension debt.

Maryland only has $37.2 billion of assets available to pay bills totaling $62.8 billion.

Because Maryland doesn't have enough money to pay its bills, it has a -$25.6 billion financial hole. To fill it, each Maryland taxpayer would have to send -$11,100 to the state.

Maryland's reported net position is overstated by $3.3 billion, largely because the state delays recognizing losses incurred when the net pension liability increases.

The state's financial report was released 243 days after its fiscal year end, which is considered untimely according to the 180 day standard.