Current:Home > FinanceMaryland governor proposing budget cuts to address future shortfalls -StockPrime
Maryland governor proposing budget cuts to address future shortfalls
View
Date:2025-04-12 21:13:01
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! (26185)
Related
- Federal hiring is about to get the Trump treatment
- Ambulance transporting patient narrowly avoids car flipping across snowy highway: Video
- Power outages hit Boston transit system during morning rush hour, stranding thousands
- Three officers are shot in Washington, police say. The injuries don't appear to be life-threatening
- Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
- Retail sales fall 0.8% in January from December as shoppers pause after strong holiday season
- Should the CDC cut the 5-day COVID-19 isolation guidelines? Experts weigh in.
- Here’s the latest on the investigation into the shooting at Joel Osteen’s megachurch
- Senate begins final push to expand Social Security benefits for millions of people
- Jason Kelce calls out Travis after Kansas City Chiefs star bumped into coach Andy Reid during Super Bowl
Ranking
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- Minnesota company and employee cited for reckless driving in Alaska crash that killed 3 sled dogs
- Empty office buildings litter U.S. cities. What happens next is up for debate
- This Valentine's Day my life is on the line. You could make a difference for those like me.
- Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
- Exclusive: Craig Counsell mourns his mother as first spring training with Chicago Cubs begins
- Some colleges offer students their own aid forms after FAFSA delays frustrate families
- Beyoncé Brings Country Glam to New York Fashion Week During Surprise Appearance
Recommendation
Travis Hunter, the 2
North Dakota lieutenant governor launches gubernatorial bid against congressman
Jennifer Lopez's Zodiac-Themed Dress Will Make You Starry Eyed
49ers guard Jon Feliciano gets into nasty social media arguments after Super Bowl loss
Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
Dolly Parton Defends Doll Elle King After Performance Backlash
Notre Dame's new spire revealed in Paris, marking a milestone in cathedral's reconstruction after fire
Missouri high court says Planned Parenthood can receive funding; cites failed appeal by state