
Maryland MD
"The Old Line State"
Birthplace of the national anthem, the nation's capital, and two of America's greatest abolitionists, Maryland is where American history was made, over and over again.
Maryland state finances at a glance
State Debt - FY2024
Total state government debt outstanding at the close of fiscal 2024, including long-term bonds and short-term borrowing across state agencies and public universities.
Tax Revenue - FY2024
Total Maryland state tax collections in fiscal 2024, led by the individual income tax ($11B) and the general sales tax ($6.9B).
Borrowing
Maryland issues general obligation bonds backed by a dedicated statewide property tax, along with transportation revenue bonds, sold to investors in the tax-exempt municipal market. The state uses a formal debt affordability process to cap issuance. The state reported about $1.1 billion in interest on its debt in fiscal 2024.
Source: U.S. Census Bureau, 2024 Annual Survey of State Government Finances.

