Maryland Faces $3 Billion Budget Shortfall
Maryland Faces $3 Billion Budget Shortfall

Maryland Faces $3 Billion Budget Shortfall

News summary

Maryland lawmakers are convening for the 2025 legislative session amidst a projected $3 billion budget deficit, marking a critical financial juncture for the state. Governor Wes Moore is advocating for fiscal discipline and emphasizes that 'everything is on the table' as the state grapples with declining federal aid and increased social service expenditures. Many legislators, particularly from the Eastern Shore, oppose raising taxes, with Delegate Barry Beauchamp advocating for spending cuts instead. Senate President Bill Ferguson has indicated a preference for controlling spending before considering new taxes, despite public opposition to tax increases. The session will also address ongoing reforms such as the Blueprint for Maryland’s Future, which may face scrutiny due to cost concerns. As discussions unfold, lawmakers will have to make tough choices to stabilize the state’s finances and address other pressing issues, including juvenile crime.

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