Current:Home > reviewsMaryland governor proposing budget cuts to address future shortfalls -TradeSphere
Maryland governor proposing budget cuts to address future shortfalls
View
Date:2025-04-12 19:42:33
ANNAPOLIS, Md. (AP) — Maryland Gov. Wes Moore is proposing a package of state spending reductions to get an early start on helping to address a future budget shortfall, after lawmakers took some beginning steps to tackle upcoming fiscal holes in this year’s session.
Moore is proposing about $149 million in mid-year budget cuts next week for approval by the state’s Board of Public Works, which is comprised of the governor, the comptroller and the state treasurer. The powerful spending panel has the authority to cut up to 25% of the state’s operating budget.
Helene Grady, Moore’s budget chief, has scheduled an availability with journalists to discuss the plan on Wednesday afternoon.
“This morning, my administration submitted a plan to make targeted and strategic spending cuts and grow our economy while simultaneously protecting the programs and projects that Marylanders care about most,” Moore wrote in a column in The Baltimore Sun on Wednesday.
“We’ve taken a disciplined, data-driven approach that prioritizes investment in areas that connect Marylanders with employment and build new pathways to work, wages, and wealth for all,” the governor wrote.
Moore submitted a balanced $63 billion budget in January for the fiscal year that began this month. It did not include tax increases as originally proposed, but the General Assembly changed the legislation to include new revenue, including a variety of transportation-related user fees to help pay for transportation projects and tobacco tax increases to help pay for education.
Legislative debate over how to address longer-term budget shortfalls is expected to resume when the General Assembly convenes in January.
veryGood! (7291)
Related
- North Carolina justices rule for restaurants in COVID
- Target launches paid membership program, Circle 360, with free unlimited same-day delivery
- V-J Day ‘Kiss’ photo stays on display as VA head reverses department memo that would’ve banned it
- Texas sheriff who was under scrutiny following mass shooting loses reelection bid
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- Rewritten indictment against Sen. Bob Menendez alleges new obstruction of justice crimes
- Married LGBTQ leaders were taking car for repairs before their arrest in Philadelphia traffic stop
- Kentucky Senate passes bill to allow local districts to hire armed ‘guardians’ in schools
- Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
- Georgia pushes group to sanction prosecutors as Fani Willis faces removal from Trump case
Ranking
- B.A. Parker is learning the banjo
- The trip to Margaritaville can soon be made on the Jimmy Buffett Highway
- 'Ghastly sight': Thousands of cattle killed in historic 2024 Texas Panhandle wildfires
- Woman accuses former 'SYTYCD' judge Nigel Lythgoe of 2018 sexual assault in new lawsuit
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- How Putin’s crackdown on dissent became the hallmark of the Russian leader’s 24 years in power
- Teen soccer sisters stack up mogul-like résumé: USWNT, movie cameo, now a tech investment
- Garrison Brown, son of 'Sister Wives' stars Janelle and Kody Brown, dies at 25
Recommendation
Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
While Blake Snell, Jordan Montgomery remain free agents, Kyle Lohse reflects on the pain
Maryland Senate approves legal protections for gender-affirming care
Andre Agassi Serves Up Rare Insight Into His and Steffi Graff’s Winning Marriage
Former longtime South Carolina congressman John Spratt dies at 82
Jason Kelce's off-the-field impact, 'unbelievable legacy' detailed by Eagles trainer
Climate Rules Reach Finish Line, in Weakened Form, as Biden Races Clock
EAGLEEYE COIN: Crypto Assets Become a New Choice for Investment