|
|
|
|
Increase
|
(Decrease)
|
|
|
|
Percent
|
Over 1992
|
Actual
|
|
Revenue Source
|
Amount
|
of Total
|
Amount
|
Percent
|
|
Income taxes
|
$ 3,303,678
|
30.6%
|
$259,983
|
8.5%
|
|
Sales and use taxes
|
1,718,152
|
15.9
|
138,367
|
8.8
|
|
Motor vehicle taxes and fees
|
1,119,416
|
10.4
|
128,876
|
13.0
|
|
Other taxes
|
1,034,935
|
9.6
|
160,652
|
18.4
|
|
Other licenses and fees
|
197,255
|
1.8
|
54,730
|
38.4
|
|
Charges for services
|
630,597
|
5.8
|
22,212
|
3.7
|
|
Interest and other investment income
|
35,120
|
.3
|
1,931
|
5.8
|
|
Federal revenue
|
2,523,543
|
23.3
|
101,639
|
4.2
|
|
Other
|
251,112
|
2.3
|
(1,841)
|
(.7)
|
|
Total
|
$10,813,808
|
100.0%
|
$866,549
|
8.7%
|
Of the total income tax revenue for fiscal year 1993, $3,098,803,000 was produced by the individual income tax
and $204,875,000 by the corporate income tax, representing an increase of $237,018,000 and $22,965,000,
respectively, compared to the prior year. The increase in income tax revenue is primarily a result of a new 6% tax
bracket on higher incomes and the full taxing of capital gains.
Revenues from sales and use taxes increased $138,367,000 or 8.8 percent over the previous year primarily
because of the elimination of certain exemptions and broadening the base to include certain services.
Motor vehicle taxes and fees increased $128,876,000 or 13.0 percent over the previous year primarily because
of an increase in the motor vehicle fuel tax and increases in certain license and registration fees.
Revenues from other taxes increased $160,652,000 or 18.4 percent over the previous year primarily as a result
of a 20C per pack increase in the tax on cigarettes and increased revenues from the franchise tax on financial
institutions.
Other license and fees increased $54,730,000 or 38.4 percent over the previous year primarily as a result of a
surcharge imposed on motor vehicle registrations to fund the Maryland Emergency Medical System.
Changes in levels of expenditures for major functions from the previous year (excluding capital projects) are
shown in the following tabulation (amounts expressed in thousands):
|
|
|
|
Increase
|
(Decrease)
|
|
|
|
Percent
|
Over 1992
|
Actual
|
|
Function
|
Amount
|
of Total
|
Amount
|
Percent
|
|
Current:
|
|
|
|
|
|
General government
|
$ 494,041
|
4.8%
|
$ 11,289
|
2.3%
|
|
Education
|
2,389,155
|
23.2
|
96,547
|
4.2
|
|
Economic and employment development
|
155,575
|
1.5
|
7,162
|
4.8
|
|
Human resources
|
926,954
|
9.0
|
10,634
|
1.2
|
|
Health and mental hygiene
|
2,781,409
|
27.1
|
13,432
|
.5
|
|
Environment
|
51,598
|
.5
|
(9,696)
|
(15.8)
|
|
Transportation
|
692,454
|
6.7
|
110,748
|
19.0
|
|
Public safety and judicial
|
862,311
|
8.4
|
29,999
|
3.6
|
|
Housing and community development
|
102,725
|
1.0
|
(12,746)
|
(11.0)
|
|
Natural resources and recreation
|
111,559
|
1.1
|
(15,316)
|
(12.1)
|
|
Agriculture
|
27,185
|
.3
|
(5,982)
|
(18.0)
|
|
Intergovernmental
|
531,138
|
5.2
|
(17,203)
|
(3.1)
|
|
Debt service
|
488,153
|
4.7
|
36,553
|
8.1
|
|
Capital outlays for transportation
|
665,387
|
6.5
|
(68,558)
|
(9.3)
|
|
Total
|
$10,279,644
|
100.0%
|
$186,863
|
1.9%
|
14
|
 |
