Maryland

TIA Data

2016 Financial State of Maryland (Released 5/15/2017)

2015 Financial State of Baltimore (Released 1/11/2017)

 
Maryland owes more than it owns
Maryland's Taxpayer Burden™ is -$17,100, and 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 $17.8 billion of assets available to pay bills totaling $53.9 billion
Because Maryland doesn't have enough money to pay its bills, it has a $36.1 billion financial hole. To fill it, each Maryland taxpayer would have to send $17,100 to the state
Because of an accounting rule implemented last year, Maryland has to report its pension debt on its balance sheet. This year, the state's reported pension debt grew from $16.7 billion in 2015 to $19.6 billion in 2016.
Despite reporting most of its pension debt, the state is still hiding retiree health care debt. Maryland's total hidden debt amounts to $11.5 billion. A new accounting standard will be implemented in two years, and will require states to report this debt on the balance sheet.
The state's financial report was released 160 days after its fiscal year end, which is considered timely according to the 180 day standard
 

Prior Years' TIA Data

2015 Financial State of Maryland

2014 Financial State of Maryland

2013 Financial State of Maryland

Other Resources

Maryland Comprehensive Annual Financial Reports

Publishing Entity: Comptroller of Maryland

IN THE NEWS
America’s $1 million per year K12 school teachers

APRIL 27, 2017 | WASHINGTON EXAMINER

In Maryland, a K12 public school teacher can earn more than $1 million a year. But you'd never know that from Maryland's publicly reported compensation figures for individual teachers, which, as in other states, are derived using cash accounting methods.

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