Gov. Moore is aiming to produce $50 million in savings for the state in the current fiscal year. And that's on top of his plan for $2 billion in cuts.
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
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.
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.
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.
Gov. Wes Moore unveils $750M investment in economic growth, including $128.5M for targeted industries. Aims to create jobs and boost economic activity.
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.
Gov. Wes Moore will look to make a dent in the looming $3 billion state budget deficit through a new effort that aims to save $50 million by eliminating wasteful and inconsistent spending across government agencies.
Maryland Gov. Wes Moore will call for a cut to the state's corporate tax rate as well as ask the General Assembly for hundreds of millions in new funding to help grow emerging companies as part of his forthcoming budget proposal.
Gov. Wes Moore is set to propose $2 billion in cuts to the state's budget.Maryland's Governor announced his intention at a summit at Eye On Annapolis on Wednesd
Governor Wes Moore says 82% of Marylanders will see a cut or no change in their taxes, while the richest 18% will see increases. He did not say how much that increase will be.