Maryland : State Data and Comparisons : Data-Z

Maryland

TIA Data

2023 Financial State of Maryland (Released 10/03/2024)

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Maryland owes more than it owns.

Maryland has a -$9,700 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 $34.3 billion of assets available to pay bills totaling $57.7 billion.

Because Maryland doesn't have enough money to pay its bills, it has a -$23.4 billion financial hole. To fill it, each Maryland taxpayer would have to send -$9,700 to the state.

Maryland's reported net position is overstated by $457.9 million, largely because the state delays recognizing losses incurred when the net pension liability increases.

The state's financial report was released 257 days after its fiscal year end, which is considered untimely according to the 180 day standard.

Prior Years' TIA Data

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