TIA Data

2019 Financial State of Maryland (Released 9/22/2020)

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 -$15,200, 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 $20.2 billion of assets available to pay bills totaling $54 billion.
Because Maryland doesn't have enough money to pay its bills, it has a $33.8 billion financial hole. To fill it, each Maryland taxpayer would have to send $15,200 to the state.
Maryland's reported net position is overstated by $2 billion, largely because the state delays recognizing losses incurred when the net pension liability increases.
The state's financial report was released 169 days after its fiscal year end, which is considered timely according to the 180 day standard.
 

Prior Years' TIA Data

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
Marylanders concerned about state’s ability to fund state employee pensions

MARCH 23, 2021 | THE MARYLAND PUBLIC POLICY INSTITUTE | by Editorial

Includes “With Maryland’s state pension fund nearly $20 billion in the red, a new statewide survey from the Maryland Public Policy Institute reveals that a large majority of voters are concerned about the state’s ability to fund pension benefits for public employees. ”
 

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