Financial Reports

The Comptroller's Bureau of Revenue Estimates staff meets with local government revenue estimators several times each year to provide an overview of state revenue estimates and the economic and business assumptions on which those estimates are based. The Bureau also gives local governments information to help them analyze local income tax distributions and fulfills specific requests for data used to analyze revenue trends.

Fiscal Year End Report

Close-out reports are produced after the conclusion of each fiscal year. They compare the actual revenues received during the fiscal year with the most recent revenue estimates. Review the FY 2008 Fiscal Year End Report.

Revenue estimates

The Detailed Revenue Estimates Report, presented to the Governor by the Board of Revenue Estimates, contains the most recent state revenue forecasts, analyses of the Maryland and national economies, and other valuable information.

Monthly reports

We provide a series of monthly reports that contain comparative revenue statements for the personal and corporate income taxes, sales and use tax, and the inheritance and estate taxes. Also available is the monthly tax receipts report for the admissions and amusement tax.

Annual reports

Comprehensive Annual Financial Report is the state's official financial report and provides detail and summary reports on the financial status of the state of Maryland.

Consolidated Revenue Report details revenue collections by the Comptroller's Office.

Income Tax Summary Report is a tabulation of information from all state and local tax returns for the most recently completed tax year.

Personal Income Tax Statistics of Income Report contains detailed information on Maryland's personal income tax base for the state, it's 23 counties, and Baltimore City.

Corporate Income Tax Statistics of Income Report contains detailed information about the corporate income tax, with data broken out by Maryland modified income, industry and multistate and 100% Maryland corporation.

Sales and Use Tax Receipts by Subdivision and Business Activity report provides a county-by-county breakdown of tax receipts generated by sales of food and beverages, furniture, apparel and other business categories for the most recent fiscal year.

The Single Audit with Independent Auditors Report is an audit report filed with the Federal government that includes the Schedule of Expenditures of Federal Awards and the Schedule of Findings and Questioned Costs.

The Fees & User Charges Biennial Report provides information on fees and user charges collected by state agencies for the year ended June 30. In addition, the report, which is issued every other year, includes a comparison of actual revenues to the total costs of providing the service or performing the function for which the fees or charges are imposed.

Reports on the impact of federal tax law

The following reports describe the direct and indirect impact of federal tax law changes on Maryland revenues:

• American Recovery and Reinvestment Tax Act of 2009
• Inmate Tax Fraud Prevention Act of 2008
• Emergency Economic Stabilization Act of 2008
• The Worker, Retiree, and Employer Recovery Act of 2008
• The Heroes Earnings Assistance and Relief Act of 2008
• The Housing and Economic Recovery Act of 2008
• Food Conservation, and Energy Act of 2008
• Economic Stimulus Act of 2008
• Temporary Tax Relief Act of 2007
• Mortgage Forgiveness Debt Relief Act of 2007
• Energy Independence & Security Act of 2007

Property tax information

For statistical information about property taxes and residential property sales, visit the Department of Assessments and Taxation Web site at www.dat.state.md.us.

Previous revenue reports