Maryland
| Maryland owes more than it owns. |
| Maryland has a -$11,200 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 $35.7 billion of assets available to pay bills totaling $61.4 billion. |
| Because Maryland doesn't have enough money to pay its bills, it has a -$25.7 billion financial hole. To fill it, each Maryland taxpayer would have to send -$11,200 to the state. |
| Maryland's reported net position is overstated by $4.3 billion, largely because the state delays recognizing losses incurred when the net pension liability increases. |
| The state's financial report was released 212 days after its fiscal year end, which is considered untimely according to the 180 day standard. |
Prior Years' TIA Reports
2024 Financial State of Maryland
2023 Financial State of Maryland
2022 Financial State of Maryland
2021 Financial State of Maryland
2020 Financial State of Maryland
2019 Financial State of Maryland
2018 Financial State of Maryland
2017 Financial State of Maryland
2016 Financial State of Maryland
2015 Financial State of Maryland
2014 Financial State of Maryland
2013 Financial State of Maryland
2012 Financial State of Maryland
2011 Financial State of Maryland
Other Resources
Maryland Annual Comprehensive Financial Reports
Publishing Entity: Comptroller of Maryland
