Current:Home > reviewsMaryland governor proposing budget cuts to address future shortfalls -WealthSpot
Maryland governor proposing budget cuts to address future shortfalls
View
Date:2025-04-27 22:11:10
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! (66595)
Related
- Arkansas State Police probe death of woman found after officer
- Ohio State slips out of top five in the latest NCAA Re-Rank 1-133
- Purdue is new No. 1 as top of USA TODAY Sports men's basketball poll gets reshuffled
- See The Crown Recreate Kate Middleton's Sheer Lingerie Look That Caught Prince William's Eye
- What to watch: O Jolie night
- Beware, NFL coaches: Panthers' job vacancy deserves a major warning label
- Morgan Wallen tops Apple Music’s 2023 song chart while Taylor Swift and SZA also top streaming lists
- Mark Cuban Leaving Shark Tank After Season 16
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Niger’s junta revokes key law that slowed migration for Africans desperate to reach Europe
Ranking
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- Robert De Niro says Apple, Gotham Awards cut his anti-Trump speech: 'How dare they do that'
- The tragic cost of e-waste and new efforts to recycle
- Tensions are bubbling up at thirsty Arizona alfalfa farms as foreign firms exploit unregulated water
- The Grammy nominee you need to hear: Esperanza Spalding
- Israel and Hamas extend their truce, but it seems only a matter of time before the war resumes
- Vikings opt for caution and rule Jefferson out ahead of game vs. Bears for his 7th absence
- Montana man intends to plead guilty to threatening US Sen. Jon Tester
Recommendation
Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
Illinois man wins $25K a year for life from lottery ticket after clerk's lucky mistake
Latvia’s chief diplomat pursues NATO’s top job, saying a clear vision on Russia is needed
Where to watch 'How the Grinch Stole Christmas' this holiday
Global Warming Set the Stage for Los Angeles Fires
Freed Israeli hostage describes deteriorating conditions while being held by Hamas
Matthew, Brady Tkachuk at their feisty best with grandmother in the stands
As Mexico marks conservation day, advocates say it takes too long to list vulnerable species