The battle to solve Maryland’s $3 billion budget deficit has prompted a debate between the state’s two most recent leaders, who are pointing fingers and blaming each other for the fiscal crisis. On Wednesday,
Moore said the brunt of the tax increases will be shouldered by Marylanders with a household income north of $700,000 a year. In 2023, more than 18% of Maryland households were estimated to earn $200,
None of these things are easy. All of them are necessary,” Maryland Gov. Wes aMoore said in a news conference unveiling his plan.
As energy demands continue to grow, Maryland state leaders, along with energy officials, are working to find long term solutions.During presentations in Annapo
Maryland Gov. Wes Moore has included higher income tax rates for taxpayers who make more than $500,000 in his budget plan, as well as about $2 billion in budget cuts to address a $3 billion deficit.
For several weeks, Moore has telegraphed the upcoming budget cuts and ‘revenue’ increases to solve the state’s $3 billion deficit. He has blamed the deficit on the previous administration's ‘overspending’ while not growing Maryland’s job base and economy.
Maryland’s Legislative Black Caucus is prioritizing a slate of bills aimed at equity and justice reform for Maryland youth, all while pushing to reverse Gov. Wes Moore’s proposed cuts to
Without selling the tax increases that the governor unveiled in his $67 billion budget proposal on Wednesday, Moore faces making even deeper cuts to balance the state’s finances.
Maryland Gov. Wes Moore said that his proposal for the state’s budget will include $2 billion in cuts. He declined to specify which areas of the state’s roughly $63 billion budget
Maryland lawmakers are bracing for a fiscally challenging legislative session. The 90-day session begins Wednesday.
Moore has also pledged making $2 billion in cuts to help close a $3 billion budget gap, targeting some spending on climate initiatives and government inefficiency.