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
Gov. Wes Moore (D), who stumped across the country for Democratic candidates up and down the ballot in 2024, raised almost $4 million for his state campaign account over the past year — often when he was on out-of-town trips.
Maryland’s wealthiest earners would pay more in state taxes, while corporations and other workers would get a tax cut under a budget plan Gov. Wes Moore will introduce Wednesday — marking the first time the Democrat has thrown his political weight behind policies that could directly impact most Marylanders’ pocketbooks.
Governor Wes Moore promised his budget will have $2 billion in cuts, while the General Assembly will work to close the remaining $1 billion of the deficit.
Maryland Gov. Wes Moore has warned that massive budget cuts are on the way as state lawmakers try to solve a $3 billion budget gap. Moore told Maryland residents Wednesday to brace themselves for $2 billion worth of cuts in his soon-to-be-released budget.
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 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.
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.
Gov. Wes Moore will unveil his proposal to close the state’s nearly $3 billion budget deficit, but depending on who you talk to, the reason why Maryland is faci
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.
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.