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

                                                      Percent           Per
MARYLAND                                     1995 Distribution       capita

Population (thousands)                      5,042           -             -
Total Revenue                          16,429,739       100.0%     3,258.58
  General revenue                      13,696,205        83.4%     2,716.42
    Intergovernmental revenue           3,110,667        18.9%       616.95
    Taxes                               8,060,982        49.1%     1,598.77
      General sales                     1,951,031        11.9%       386.96
      Selective sales                   1,546,836         9.4%       306.79
      License taxes                       357,134         2.2%        70.83
      Individual income                 3,400,487        20.7%       674.43
      Corporation net income              365,759         2.2%        72.54
      Other taxes                         439,735         2.7%        87.21
    Current charges                     1,282,354         7.8%       254.33
    Miscellaneous general revenue       1,242,202         7.6%       246.37
  Utility revenue                          88,999         0.5%        17.65
  Liquor stores revenue                         0         0.0%         0.00
  Insurance trust revenue               2,644,535        16.1%       524.50

Total Expenditure                      15,069,402       100.0%     2,988.77
  Intergovernmental expenditure         3,073,888        20.4%       609.66
  Direct expenditure                   11,995,514        79.6%     2,379.12
    Current operation                   7,923,942        52.6%     1,571.59
    Capital outlay                      1,176,562         7.8%       233.35
    Insurance benefits and repayments   1,814,833        12.0%       359.94
    Assistance and subsidies              577,348         3.8%       114.51
    Interest on debt                      502,829         3.3%        99.73
Exhibit:  Salaries and wages            2,549,352        16.9%       505.62

Total expenditure                      15,069,402       100.0%     2,988.77
  General expenditure                  12,902,430        85.6%     2,558.99
        Intergovernmental expenditure   3,073,888        20.4%       609.66
        Direct expenditure              9,828,542        65.2%     1,949.33
  General expenditure, by function:
      Education                         3,818,420        25.3%       757.32
      Public welfare                    2,955,844        19.6%       586.24
      Hospitals                           306,986         2.0%        60.89
      Health                              737,684         4.9%       146.31
      Highways                          1,175,293         7.8%       233.10
      Police protection                   228,723         1.5%        45.36
      Correction                          746,649         5.0%       148.09
      Natural resources                   313,167         2.1%        62.11
      Parks and recreation                 72,328         0.5%        14.35
      Governmental administration         652,814         4.3%       129.48
      Interest on general debt            502,829         3.3%        99.73
      Other and unallocable             1,391,693         9.2%       276.02
  Utility expenditure                     352,139         2.3%        69.84
  Liquor stores expenditure                     0         0.0%         0.00
  Insurance trust expenditure           1,814,833        12.0%       359.94

Debt at end of fiscal year              9,438,060       100.0%     1,871.89

Cash and Security Holdings             25,478,485       100.0%     5,053.25