Spotlight On Maryland - Where Your Money Comes From

Estimated Maryland Revenue

MARYLAND GENERAL FUND AND BUDGET RESTORATION FUND REVENUES FY 2012-2014 (Dollars shown in thousands)
		FY 2013				FY 2014
	FY 2012	Current	September			September
	Actual	Estimate	Revision	Difference	% Growth	Estimate	% Growth
INCOME TAXES
Individual	7,114,679	7,552,937	7,650,621	97,684	7.5%	7,967,339	4.1%
Corporation	646,475	741,307	821,752	80,445	-21.7%	783,876	-4.6%
Total	7,761,154	8,294,244	8,472,373	178,129	9.2%	8,751,215	3.3%
SALES AND USE TAXES	4,039,348	4,125,696	4,127,690	1,994	2.2%	4,259,363	3.2%
STATE LOTTERY	536,251	515,064	536,444	21,380	0.0%	543,755	1.4%
OTHER REVENUES
Business Franchise Taxes	207,194	208,932	208,904	(28)	0.8%	210,693	0.9%
Tax on Insurance Companies	304,022	308,109	311,560	3,451	2.5%	319,309	2.5%
Estate and Inheritance Taxes	196,897	217,593	214,814	(2,779)	9.1%	218,827	1.9%
Tobacco Tax	411,427	411,932	415,142	3,210	0.9%	414,066	-0.3%
Alcoholic Beverages Excises	31,010	31,089	31,616	527	2.0%	32,238	2.0%
Motor Vehicle Fuel Tax	5,000	13,000	13,000	-	160.0%	5,000	-61.5%
Highway User Revenue	186,722	0	0	-		-
District Courts	79,395	80,783	78,601	(2,182)	-1.0%	78,994	0.5%
Clerks of Court	35,139	34,339	37,892	3,553	7.8%	37,721	-0.5%
Hospital Patient Recoveries	66,385	67,962	69,962	2,000	5.4%	67,985	-2.8%
Interest on Investments	17,918	34,994	10,000	(24,994)	-44.2%	15,000	50.0%
Miscellaneous	379,982	383,527	379,821	(3,706)	0.0%	363,284	-4.4%
Total	1,921,090	1,792,260	1,771,312	(20,948)	-7.8%	1,763,117	-0.5%
TOTAL CURRENT REVENUES	14,257,843	14,727,264	14,907,819	180,555	4.6%	15,317,450	2.7%
Extraordinary Revenues	-	-	-	-		-	-
GRAND TOTAL	14,257,843	14,727,264	14,907,819	180,555	4.6%	15,317,450	2.7%

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