Maryland

TIA Data

2020 Financial State of Maryland (Released 9/28/2021)

Use Create Your Own State Chart to see additional financial, demographic and economic data for this and other states

 
Maryland owes more than it owns.
Maryland's Taxpayer Burden™ is -$18,200, and it received a "D" from TIA.
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 $22.1 billion of assets available to pay bills totaling $61 billion.
Because Maryland doesn't have enough money to pay its bills, it has a $39 billion financial hole. To fill it, each Maryland taxpayer would have to send $18,200 to the state.
Maryland's reported net position is overstated by $2.8 billion, largely because the state delays recognizing losses incurred when the net pension liability increases.
The state's financial report was released 206 days after its fiscal year end, which is considered untimely according to the 180 day standard.
 

Prior Years' TIA Data

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

2010 Financial State of Maryland

2009 Financial State of Maryland

Other Resources

Maryland Comprehensive Annual Financial Reports

Publishing Entity: Comptroller of Maryland

IN THE NEWS
Maryland ranks second in nation in fiscal transparency

JANUARY 7, 2022 | THE SOUTHERN MARYLAND CHRONICLE | by Brent Addleman

By Brent Addleman, includes “Maryland ranks second in the nation in the latest Truth in Accounting fiscal transparency report. The report tracks the publication of financial information from states and awards a score based on the timeliness of the release of information and the ease with which the public can review the information. …”

VIEW LESS