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Maryland Manual 1994-1995
LARGEST PRIVATE EMPLOYERS, 1993
1) Giant Foods
2) Johns Hopkins University
3) Westinghouse Electric Corp.
4) C & P Telephone Co.
5) Baltimore Gas & Electric Co.
6) IBM Corp.
7) Johns Hopkins Hospital
8) Hecht's Department Stores
9) Maryland National Bank
10) United Parcel Service (UPS)
PORT OF BALTIMORE
The Port of Baltimore has a vital role in Maryland's
economic development, generating almost $ 1.8 bil-
lion in economic benefits and thousands of jobs.
Closer to the Midwest than any other East Coast
port, and within an overnight drive of one-third of
the nation's population, the Port serves over 60
ocean carriers making nearly 2,500 annual port
visits. The Port's container capacity increased by
50% with the opening of the new Seagirt Marine
Terminal, a 260-acre center for automated cargo
handling. General cargo moving through the
State's five marine terminals in 1993 increased to
5,423,471 short tons, up 5.4 percent from 1992.
In 1993, Baltimore benefited from new South
American services started by Maersk Line and Zim
Israel Navigation Company. Among the Port's
other steamship line additions was the new weekly
joint service to the Mediterranean, Middle East, and
Indian subcontinent by Maersk, P&O Containers,
and Sea-Land. In December 1993, China Ocean
Shipping Company (COSCO) announced its plans
to call at Baltimore with its new containerized serv-
ice to and from the Far East.
Chief Exports: coal, corn, soybeans, lignite and coal
coke, and petroleum, fuel oils, and asphalt. The Port
leads the nation in overseas exports of automobiles
and trucks. The World Trade Center—Baltimore,
headquarters for the Port, serves as the center of
international commerce for the region, housing the
U.S. headquarters for several major shipping lines.
Chief Imports: Baltimore is a major port of entry for
imported containerized cargo with 1,933,880 short
tons moving through the Port in 1993. Baltimore
also continued its growth as a major distribution
center for imported wood pulp and paper. In 1993,
wood pulp became the second largest general cargo
commodity handled at the Port with 338,269 short
tons, a 13.2 percent increase over the 1992 total of
298,746 short tons. Paper tonnage more than
quadrupled to 72,941 tons in 1993, up from
17,622 short tons in 1992. Other chief imports are
automobiles and small trucks, iron ore, petroleum
and petroleum products, gypsum, sugar, cement,
bauxite, salt, crude mineral substances, fertilizer
and fertilizer materials, coal, and ferroalloys.
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Maryland at a Glance /5
STATE GOVERNMENT BUDGET
FY1994
The Constitution of Maryland requires that the
budget of State government be balanced: total
estimated revenues must equal or exceed total ap-
propriations. The budget also must reflect any esti-
mated revenue surplus or deficit at the end of the
preceding year.
REVENUES
Personal Income Tax . $ 3,245,864,000 (25.5% )
Federal Funds $ 2,785,337,000(21.8%)
Sales Tax ..........$ 1,806,259,000 (14.2% )
Transportation. .....$ 1,363,232,000 (10.7% )
Higher Education ....... $ 1,143,314,000 . (9.0% )
State Bonds ........$ 370,000,000 . (2.9% )
Lottery ...........$ 314,571,000 . (2.5% )
Corporate Income Tax $ 218,465,000 (1.7%)
All Others .........$ 1,494,267,000 (11.7% )
Total. ........... $12,741,309,000 (100% )
APPROPRIATIONS
Health & Mental
Hygiene .........$ 2,921,863,000 (23.1% )
Education (Primary
& Secondary) $ 2,463,016,000(19.5%)
Transportation. .....$ 1,983,184,000 (15.7% )
Higher Education ...$ 1,711,595,000(13.5%)
Human Resources... $ 960,208,000 . (7.6% )
Public Safety .......$ 704,240,000 . (5.6% )
Capital (State Bonds) $ 370,000,000 . (2.9% )
Agriculture, Environment,
& Natural Resources $ 310,108,000 (2.4%)
Public Debt........ $ 241,111,000 . (1.9% )
Judicial & Legal $ 215,261,000 . (1.7% )
Economic & Employ-
ment Development. $ 169,694,000 . (1.3% )
Housing & Community
Development $ 106,407,000. (0.8%)
Juvenile Services .... $ 98,269,000 . (0.8% )
Legislature. ........ $ 35,870,000 . (0.3% )
Other State agencies. . $ 321,628,000 (2.5% )
Reserve Fund ...... $ 48,350,000 . (0.4% )
Reversions ,........$ 15,000,000 (-0.1% )
Total............ $12,645,804,000 (100% )
Note: Of the 95.6 million excess of revenues over
expenditures, $60.5 million has been requested for
the State Reserve Fund and $26.4 million for other
deficiencies. This will add $8.6 million to the $10.5
million FY1993 ending balance, leaving a projected
balance of $19.1 million.
Source: Department of Fiscal Services.
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