Current:Home > ScamsMaryland governor proposing budget cuts to address future shortfalls -AssetTrainer
Maryland governor proposing budget cuts to address future shortfalls
View
Date:2025-04-16 08:58:09
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! (9347)
Related
- Skins Game to make return to Thanksgiving week with a modern look
- What to know about the $30 million cash heist in Los Angeles
- Emergency operations plan ensures ‘a great day’ for Monday’s eclipse, Ohio Gov. Mike DeWine says
- One of the world's oldest books goes up for auction
- Retirement planning: 3 crucial moves everyone should make before 2025
- Hyper-sexual zombie cicadas that are infected with sexually transmitted fungus expected to emerge this year
- RFK Jr. campaign disavows its email calling Jan. 6 defendants activists
- Endangered North Atlantic right whale found dead off Virginia was killed in collision with ship, NOAA says
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- Who plays Prince Andrew, Emily Maitlis in 'Scoop'? See cast and their real-life counterparts
Ranking
- The Best Stocking Stuffers Under $25
- Shop the JoJo Fletcher x Cupshe Irresistible Line of Swimsuits & Festival Wear Before It Sells Out
- Caitlin Clark got people's attention. There's plenty of talent in the game to make them stay
- Horoscopes Today, April 4, 2024
- Intel's stock did something it hasn't done since 2022
- Earthquake snarls air and train travel in the New York City area
- RFK Jr. campaign disavows its email calling Jan. 6 defendants activists
- Federal investigation begins of fatal Florida crane collapse; bridge reopens
Recommendation
Trump invites nearly all federal workers to quit now, get paid through September
Can animals really predict earthquakes? Evidence is shaky, scientists say
Inmates all abuzz after first honey harvest as beekeepers in training
'Game of Thrones' star Joseph Gatt files $40M lawsuit against Los Angeles officials for arrest
The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
Mississippi state budget is expected to shrink slightly in the coming year
P&G recalls 8.2 million bags of Tide, Gain and other laundry detergents over packaging defect
Kurt Cobain's Daughter Frances Bean Cobain Shares Heartbreaking Message on Never Knowing Her Late Dad