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Moore Pledges No New Taxes as $1.4 Billion Gap Meets His $10 Billion School Push

Nonpartisan forecasts of widening deficits through 2031 intensify pressure to explain how new school spending will be financed.

Overview

  • Gov. Wes Moore says he will submit a balanced budget with no tax or fee increases and a smaller General Fund.
  • His 2026 education agenda totals $10 billion, adding about $374 million for K‑12 without detailing offsets.
  • Maryland starts the session facing a projected $1.4 billion shortfall, with analysts warning of larger gaps through 2031.
  • Republicans, including Sen. Justin Ready, argue the focus on “investments” lacks clarity on cuts or funding sources.
  • Last year’s enacted budget raised $1.6 billion through taxes and fees as state payrolls expanded by more than 3,300 jobs before a hiring freeze and buyouts cut $121 million.