Government budget and revenue in Maryland, United States: official figures
Maryland's state government took in $60.1 billion in fiscal year 2024, $9,628 per resident, 23rd highest of 50 states per person (all states: $9,318 per person). The total includes taxes, federal funds, charges and pension-fund investment income.
How much does the Maryland state government spend?
The Maryland state government spent $63.6 billion in fiscal year 2024, or $10,187 per resident, 17th highest of 50 states (all states: $9,444). Spending was 32.1% higher than in fiscal year 2019 ($48.2 billion), before adjusting for inflation.
Source: U.S. Census Bureau · saved copyHow much debt does the Maryland state government have?
Maryland state government debt outstanding was $25.9 billion at the end of fiscal year 2024, $4,147 per resident, 13th highest of 50 states (all states: $3,248). That equals 43% of one year's general revenue; in fiscal year 2019 the debt was $28.9 billion.
Source: U.S. Census Bureau · saved copyHow much federal funding does Maryland get?
The federal government provided $20.4 billion to the Maryland state government in fiscal year 2024, $3,263 per resident and 33.9% of its general revenue, 22nd lowest share of 50 states (all states: 34.2%).
Source: U.S. Census Bureau · saved copyWhat are federal funds to Maryland spent on?
Public welfare programmes, mainly Medicaid, accounted for $12.0 billion or 59% of Maryland's federal funds in fiscal year 2024, and education for $3.0 billion (15%).
Source: U.S. Census Bureau · saved copyWhat does the Maryland state government spend its money on?
Direct state spending on public welfare was $3,463 per resident in fiscal year 2024, 16th highest of 50 states (all states: $3,000); higher education took $1,211 per resident and highways $412.
Source: U.S. Census Bureau · saved copyHow much does Maryland give to local governments and schools?
19.8% of Maryland's state general spending in fiscal year 2024 ($12.1 billion) was paid to other governments, mostly local governments and school districts, 15th lowest share of 50 states (all states: 27.7%).
Source: U.S. Census Bureau · saved copyHow much tax does Maryland collect?
Maryland collected $32.9 billion in state taxes in fiscal year 2025, $5,255 per resident, 13th highest of 50 states (all states: $4,503). That was 6.5% more than in fiscal year 2024 ($30.9 billion); across all states collections rose 4.3%.
Source: U.S. Census Bureau · saved copyWhat taxes does Maryland rely on?
The individual income tax raised $11.7 billion (35.6% of state taxes, 21st highest share of 50 states) in fiscal year 2025. The general sales tax raised $7.1 billion (21.5%, 11th lowest share of 50 states). The largest single tax was the individual income tax (35.6%), followed by the general sales and gross receipts tax (21.5%).
Source: U.S. Census Bureau · saved copyDoes Maryland have corporate, property or severance taxes?
In fiscal year 2025, in Maryland, corporate net income tax raised $4.9 billion (14.8% of state taxes); state property tax raised $1.1 billion; no severance tax on oil, gas, coal and minerals was collected.
Source: U.S. Census Bureau · saved copyHow much money does the Maryland state government hold in reserves?
The Maryland state government held $75.9 billion in cash and securities at the end of fiscal year 2024, $12,150 per resident, of which $71.9 billion was in insurance trust funds such as public employee pension systems.
Source: U.S. Census Bureau · saved copyHow Maryland compares with other states
State government revenue per person (2024)
Maryland ranks 23 of 50, highest first. All revenue of the state government, including insurance trust income, divided by 1 July population
| Rank | Region | State government revenue per person |
|---|---|---|
| 20 | Kansas | $9,693 |
| 21 | Louisiana | $9,667 |
| 22 | Pennsylvania | $9,655 |
| 23 | Maryland | $9,628 |
| 24 | Virginia | $9,559 |
| 25 | Montana | $9,489 |
| 26 | Mississippi | $9,375 |
State government spending per person (2024)
Maryland ranks 17 of 50, highest first. Total expenditure of the state government divided by 1 July population
| Rank | Region | State government spending per person |
|---|---|---|
| 14 | Minnesota | $10,565 |
| 15 | Kentucky | $10,405 |
| 16 | New Jersey | $10,223 |
| 17 | Maryland | $10,187 |
| 18 | Washington | $10,050 |
| 19 | Louisiana | $10,008 |
| 20 | Michigan | $9,697 |
State government debt per person (2024)
Maryland ranks 13 of 50, highest first. Debt outstanding at the end of the fiscal year divided by 1 July population
| Rank | Region | State government debt per person |
|---|---|---|
| 10 | New Hampshire | $5,379 |
| 11 | South Dakota | $5,032 |
| 12 | California | $4,227 |
| 13 | Maryland | $4,147 |
| 14 | Vermont | $4,125 |
| 15 | Oregon | $3,964 |
| 16 | Colorado | $3,936 |
Federal funds received by the state government per person (2024)
Maryland ranks 27 of 50, highest first. Intergovernmental revenue from the federal government
| Rank | Region | Federal funds received by the state government per person |
|---|---|---|
| 24 | Hawaii | $3,360 |
| 25 | Michigan | $3,323 |
| 26 | Alabama | $3,282 |
| 27 | Maryland | $3,263 |
| 28 | Ohio | $3,236 |
| 29 | Iowa | $3,219 |
| 30 | Missouri | $3,188 |
Federal funds as a share of state general revenue (2024)
Maryland ranks 29 of 50, highest first.
| Rank | Region | Federal funds as a share of state general revenue |
|---|---|---|
| 26 | Nebraska | 34.7% |
| 27 | New Hampshire | 34.6% |
| 28 | Florida | 34.4% |
| 29 | Maryland | 33.9% |
| 30 | Vermont | 33.8% |
| 31 | Texas | 32.9% |
| 32 | South Carolina | 32.8% |
State tax collections per person (2025)
Maryland ranks 13 of 50, highest first.
| Rank | Region | State tax collections per person |
|---|---|---|
| 10 | Minnesota | $6,327 |
| 11 | New Jersey | $5,662 |
| 12 | Illinois | $5,606 |
| 13 | Maryland | $5,255 |
| 14 | Washington | $4,920 |
| 15 | Rhode Island | $4,909 |
| 16 | Maine | $4,889 |
Individual income tax as a share of state taxes (2025)
Maryland ranks 21 of 50, highest first.
| Rank | Region | Individual income tax as a share of state taxes |
|---|---|---|
| 18 | Oklahoma | 37.5% |
| 19 | Kansas | 35.6% |
| 20 | Illinois | 35.6% |
| 21 | Maryland | 35.6% |
| 22 | South Carolina | 35.1% |
| 23 | Idaho | 34.9% |
| 24 | Rhode Island | 33.4% |
General sales tax as a share of state taxes (2025)
Maryland ranks 40 of 50, highest first.
| Rank | Region | General sales tax as a share of state taxes |
|---|---|---|
| 37 | Minnesota | 23.4% |
| 38 | Colorado | 23.2% |
| 39 | Illinois | 22.9% |
| 40 | Maryland | 21.5% |
| 41 | Massachusetts | 21.0% |
| 42 | California | 19.4% |
| 43 | Virginia | 18.8% |
State spending on public welfare per person (2024)
Maryland ranks 16 of 50, highest first. Direct general expenditure on public welfare, mainly Medicaid
| Rank | Region | State spending on public welfare per person |
|---|---|---|
| 13 | Delaware | $3,785 |
| 14 | Oklahoma | $3,557 |
| 15 | West Virginia | $3,534 |
| 16 | Maryland | $3,463 |
| 17 | Arizona | $3,444 |
| 18 | Ohio | $3,354 |
| 19 | Indiana | $3,312 |
More on Maryland: overview · economy and jobs · health · education and schools · poverty and living standards · the United States
Sources
- U.S. Census Bureau: Annual Survey of State Government Finances: State Government Finances, U.S. and States, 2012-2024 (table GS00STATEFIN01, amounts in thousands of dollars), read 23 October 2026 · saved copy (SHA-256 72ff59b48414…)
- U.S. Census Bureau: Annual Survey of State Government Tax Collections: historical database, fiscal years to 2025 (thousands of dollars), read 23 October 2026 · saved copy (SHA-256 bdf560cd3d8f…)
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