Particle.news
Download on the App Store
3 ARTICLES
·
last yr.

Maryland Governor Proposes $63.1 Billion Budget with No Tax Increases

The budget, which significantly trims spending in certain areas while investing in public safety, affordable housing, and child care, faces potential budget gaps in the coming years.

Image
Image

Overview

  • Maryland Governor Wes Moore has proposed a $63.1 billion budget that avoids tax increases and aims to close a deficit of about $1.1 billion.
  • The budget includes significant cuts to transportation, private universities, and community colleges, while allocating funds to Moore's priorities such as public safety, affordable housing, and child care.
  • Moore's budget proposal is 2% smaller than the current fiscal year's budget and is subject to General Assembly approval.
  • The budget continues to fund a growing public education plan meant to boost teacher pay, provide universal pre-K, and provide resources to high-poverty schools.
  • Despite the proposed budget, Maryland still faces projected budget gaps that could widen from $761 million next fiscal year to $2.7 billion four years later.