STATE GOVERNMENT FINANCES
(Amounts are in thousands.  Per capita in dollars.)

                                                      Percent           Per
MARYLAND                                     1993 Distribution       capita

Population (thousands)                      4,860           -             -
Total Revenue                          14,841,507       100.0%     3,053.81
  General revenue                      12,070,672        81.3%     2,483.68
    Intergovernmental revenue           2,794,369        18.8%       574.97
    Taxes                               7,175,001        48.3%     1,476.34
      General sales                     1,718,152        11.6%       353.53
      Selective sales                   1,336,381         9.0%       274.98
      License taxes                       380,066         2.6%        78.20
      Individual income                 3,079,664        20.8%       633.68
      Corporation net income              260,401         1.8%        53.58
      Other taxes                         400,337         2.7%        82.37
    Current charges                     1,049,126         7.1%       215.87
    Miscellaneous general revenue       1,052,176         7.1%       216.50
  Utility revenue                          71,117         0.5%        14.63
  Liquor stores revenue                         0         0.0%         0.00
  Insurance trust revenue               2,699,718        18.2%       555.50

Total Expenditure                      13,537,324       100.0%     2,785.46
  Intergovernmental expenditure         2,707,134        20.0%       557.02
  Direct expenditure                   10,830,190        80.0%     2,228.43
    Current operation                   7,054,400        52.1%     1,451.52
    Capital outlay                        939,627         6.9%       193.34
    Insurance benefits and repayments   1,815,443        13.4%       373.55
    Assistance and subsidies              520,798         3.8%       107.16
    Interest on debt                      499,922         3.7%       102.86
Exhibit:  Salaries and wages            2,338,467        17.3%       481.17

Total expenditure                      13,537,324       100.0%     2,785.46
  General expenditure                  11,406,315        84.3%     2,346.98
        Intergovernmental expenditure   2,707,134        20.0%       557.02
        Direct expenditure              8,699,181        64.3%     1,789.95
  General expenditure, by function:
      Education                         3,711,509        27.4%       763.68
      Public welfare                    2,682,465        19.8%       551.95
      Hospitals                           322,539         2.4%        66.37
      Health                              615,986         4.6%       126.75
      Highways                            984,898         7.3%       202.65
      Police protection                   181,928         1.3%        37.43
      Correction                          592,323         4.4%       121.88
      Natural resources                   250,390         1.8%        51.52
      Parks and recreation                 41,512         0.3%         8.54
      Governmental administration         529,357         3.9%       108.92
      Interest on general debt            499,922         3.7%       102.86
      Other and unallocable               993,486         7.3%       204.42
  Utility expenditure                     315,566         2.3%        64.93
  Liquor stores expenditure                     0         0.0%         0.00
  Insurance trust expenditure           1,815,443        13.4%       373.55

Debt at end of fiscal year              8,731,054       100.0%     1,796.51

Cash and Security Holdings             21,314,015       100.0%     4,385.60