Dashboard Local Govt Rev Local Tax Rev - General Assembly of Maryland Department of Legislative Services

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Summary

Baltimore City and county revenues totaled $31.5 billion in fiscal 2017. Local taxes accounted for 47.9% of total revenues, whereas State and federal grants accounted for 32.0%. Currently, local governments are experiencing modest growth in local tax revenues. Between fiscal 2017 and 2019, local tax revenues have increased at an average annual rate of 2.9% with total general fund revenues increasing by 2.4%.

In fiscal 2019, county property tax revenues are projected to total $8.5 billion, representing a 3.2% average annual increase over the past two-year period. Local income tax revenues are projected to total $5.6 billion, representing a 3.5% average annual increase. Recordation and transfer taxes are projected to total $945.4 million, with recordation taxes decreasing by 1.8% and transfer taxes decreasing by 2.1% on average over the past two-year period.

Local Government Revenues – Local Tax Revenue