2015 Data (Released 06/14/2016)

Financial State of Maryland

Financial State of Baltimore

Maryland owes more than it owns
At -$14,800, Maryland's “Taxpayer's Burden” ranks 37th out of the 50 states
Maryland is among 40 “Sinkhole States” 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 assets available have been tapped
TIA's Taxpayer Burden measurement incorporates both assets and liabilities, not just pension debt
Maryland has only $16.3 billion of assets available to pay bills totaling $47.4 billion
To fill the $31.1 billion financial hole each Maryland taxpayer would have to send $14,800 to the state
Because of a new accounting rule, Maryland now has to report its pension debt on its balance sheet. As a result, the state's reported pension debt grew from $3.5 billion in 2014 to $16.7 billion in 2015. However, the state is still hiding $3.7 billion of pension debt from taxpayers.
The state's financial report was released 168 days after its fiscal year end, which is considered timely according to the 180 day goal

Prior Years' TIA Data

2014 Financial State of Maryland

2013 Financial State of Maryland

Other Resources

Maryland Comprehensive Annual Financial Reports

Publishing Entity: Comptroller of Maryland