Maryland governor unveils $67.3B budget, aims to balance deficit with cuts, taxes
ANNAPOLIS, Md. (7News) — Maryland Governor Wes Moore released details of his $67.3 billion budget on Wednesday. It relies on $2 billion in cuts to state Government as well as nearly $1 billion in tax increases to close a nearly $3 billion budget deficit.
Maryland governor's FY2026 $67.3B budget plan hinges on spending cuts, tax changes
Maryland Gov. Wes Moore introduced his $67.3 billion operating budget proposal for 2026 that he said is based on growing the economy — and includes tax changes.
Gov. Wes Moore reveals plan for budget cuts, tax changes in Maryland
Moore has said the state will face difficult choices in handling its worst financial crisis in 20 years, leading to shortfalls that could reach nearly $6 billion by 2030.
Governor’s budget proposal to include tax cuts and ‘growth agenda’ spending
Gov. Wes Moore (D) said Tuesday he will avoid tax increases and massive budget cuts and instead focus on growing the state's economy to solve the worst budget problem in more than two decades.
Maryland governor drops hints about 2026 budget plan, potential tax changes
Maryland Gov. Wes Moore dropped a few hints about how he'll close an almost $3 billion budget shortfall that could include tax changes.
Maryland Gov. Moore includes income tax increases for wealthy residents to help address $3B deficit
Maryland Gov. Wes Moore released a budget plan Wednesday that includes higher income tax rates for taxpayers who make more than $500,000, as well as about $2 billion in spending reductions throughout state government to address a $3 billion deficit.
Gov. Moore's Maryland Budget proposes $2 billion in cuts, taxes hikes for the wealthy
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 governor proposes $2B in cuts amid shortfall
Maryland's 90-day legislative session opened Wednesday with the governor calling for $2 billion in cuts to balance the state budget amid a shortfall of almost $3 billion. Concern over the projected budget gap is setting an underlying tone of concern this session.
Gov. Wes Moore announces $2B in cuts, tax hikes as Maryland faces budget deficit
Maryland is facing a budget crisis and Gov. Wes Moore has said the state is going to have to slash spending and increase revenue to fix it.
Moore's budget: Tax overhaul includes cuts and increases for Marylanders
An overhaul of Maryland's personal income taxes would give two-thirds of filers an average tax cut of about $173 while raising hundreds of millions of dollars more from those making more than $500,000 under a budget plan proposed Wednesday by Gov.
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Wes Moore committed to rebuilding the state government workforce. Can he do that amid Maryland’s fiscal crisis?
At the start of his administration, Moore issued a goal to rebuild the state government workforce, which shriveled under ...
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“Quantum Capital” planned in Maryland with UMD and IonQ
The Moore-Miller Administration has also committed continued funding for the construction of Zupnik Hall, a new $244 million ...