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

                                                      Percent           Per
MARYLAND                                     1994 Distribution       capita

Population (thousands)                      5,006           -             -
Total Revenue                          15,581,282       100.0%     3,112.52
  General revenue                      12,870,416        82.6%     2,571.00
    Intergovernmental revenue           2,966,060        19.0%       592.50
    Taxes                               7,582,734        48.7%     1,514.73
      General sales                     1,814,949        11.6%       362.55
      Selective sales                   1,458,790         9.4%       291.41
      License taxes                       351,983         2.3%        70.31
      Individual income                 3,225,341        20.7%       644.30
      Corporation net income              320,068         2.1%        63.94
      Other taxes                         411,603         2.6%        82.22
    Current charges                     1,190,575         7.6%       237.83
    Miscellaneous general revenue       1,131,047         7.3%       225.94
  Utility revenue                          89,920         0.6%        17.96
  Liquor stores revenue                         0         0.0%         0.00
  Insurance trust revenue               2,620,946        16.8%       523.56

Total Expenditure                      14,202,580       100.0%     2,837.11
  Intergovernmental expenditure         2,804,841        19.7%       560.30
  Direct expenditure                   11,397,739        80.3%     2,276.82
    Current operation                   7,353,354        51.8%     1,468.91
    Capital outlay                        917,809         6.5%       183.34
    Insurance benefits and repayments   2,091,754        14.7%       417.85
    Assistance and subsidies              555,303         3.9%       110.93
    Interest on debt                      479,519         3.4%        95.79
Exhibit:  Salaries and wages            2,289,094        16.1%       457.27

Total expenditure                      14,202,580       100.0%     2,837.11
  General expenditure                  11,799,886        83.1%     2,357.15
        Intergovernmental expenditure   2,804,841        19.7%       560.30
        Direct expenditure              8,995,045        63.3%     1,796.85
  General expenditure, by function:
      Education                         3,758,706        26.5%       750.84
      Public welfare                    2,750,883        19.4%       549.52
      Hospitals                           315,884         2.2%        63.10
      Health                              643,814         4.5%       128.61
      Highways                          1,028,389         7.2%       205.43
      Police protection                   203,783         1.4%        40.71
      Correction                          689,323         4.9%       137.70
      Natural resources                   260,380         1.8%        52.01
      Parks and recreation                 50,754         0.4%        10.14
      Governmental administration         532,061         3.7%       106.28
      Interest on general debt            479,519         3.4%        95.79
      Other and unallocable             1,086,390         7.6%       217.02
  Utility expenditure                     310,940         2.2%        62.11
  Liquor stores expenditure                     0         0.0%         0.00
  Insurance trust expenditure           2,091,754        14.7%       417.85

Debt at end of fiscal year              9,129,956       100.0%     1,823.80

Cash and Security Holdings             23,458,870       100.0%     4,686.15