STATE GOVERNMENT FINANCES: 1998


                                                    Amount          Percent            Per
Maryland                                    (in thousands)     Distribution         capita

Population (thousands)                               5,135                                
Total Revenue                                   20,559,098           100.00       4,003.87
  General revenue                               15,589,078            75.83       3,035.96
    Intergovernmental revenue                    3,533,711            17.19         688.19
    Taxes                                        9,190,482            44.70       1,789.84
      General sales                              2,161,233            10.51         420.90
      Selective sales                            1,681,536             8.18         327.48
      License taxes                                350,854             1.71          68.33
      Individual income tax                      4,139,159            20.13         806.10
      Corporate income tax                         378,714             1.84          73.75
      Other taxes                                  478,986             2.33          93.28
    Current charges                              1,483,609             7.22         288.93
    Miscellaneous general revenue                1,381,276             6.72         269.00
  Utility revenue                                   95,248             0.46          18.55
  Liquor stores revenue                                  0             0.00           0.00
  Insurance trust revenue                        4,874,772            23.71         949.36
                                                                                          
Total expenditure                               16,578,483           100.00       3,228.65
  Intergovernmental expenditure                  3,710,641            22.38         722.64
  Direct expenditure                            12,867,842            77.62       2,506.00
    Current operation                            8,655,036            52.21       1,685.56
    Capital outlay                               1,236,463             7.46         240.80
    Insurance benefits and repayments            1,729,198            10.43         336.76
    Assistance and subsidies                       632,884             3.82         123.25
    Interest on debt                               614,261             3.71         119.63
Exhibit: Salaries and wages                      2,844,779            17.16         554.02
                                                                                          
Total expenditure                               16,578,483           100.00       3,228.65
  General expenditure                           14,481,262            87.35       2,820.21
    Intergovernmental expenditure                3,710,641            22.38         722.64
    Direct expenditure                          10,770,621            64.97       2,097.57
  General expenditure, by function:                                                       
    Education                                    4,770,296            28.77         929.01
    Public welfare                               3,254,774            19.63         633.86
    Hospitals                                      336,751             2.03          65.58
    Health                                         773,271             4.66         150.59
    Highways                                     1,198,105             7.23         233.33
    Police protection                              273,975             1.65          53.36
    Correction                                     742,354             4.48         144.57
    Natural resources                              306,531             1.85          59.70
    Parks and recreation                           237,614             1.43          46.28
    Governmental administration                    700,176             4.22         136.36
    Interest on general debt                       614,261             3.71         119.63
    Other and unallocable                        1,273,154             7.68         247.95
  Utility expenditure                              368,023             2.22          71.67
  Liquor stores expenditure                              0             0.00           0.00
  Insurance trust expenditure                    1,729,198            10.43         336.76
                                                                                          
  Debt at end of fiscal year                    10,536,254           100.00       2,051.93
                                                                                          
  Cash and security holdings                    42,235,022           100.00       8,225.24