Current:Home > FinanceMaryland governor proposing budget cuts to address future shortfalls -Profound Wealth Insights
Maryland governor proposing budget cuts to address future shortfalls
View
Date:2025-04-14 03:22:20
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! (88573)
Related
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- Conservationists Go Funny With Online Videos
- 5 teens, including 4 Texas Roadhouse employees, found dead after car lands in Florida retention pond
- China’s Summer of Floods is a Preview of Climate Disasters to Come
- What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
- Lala Kent Slams Tom Sandoval Over That Vanderpump Rules Reunion Comment About Her Daughter
- Trump Plan Would Open Huge Area of Alaska’s National Petroleum Reserve to Drilling
- Biden’s Appointment of John Kerry as Climate Envoy Sends a ‘Signal to the World,’ Advocates Say
- Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
- The Western Consumption Problem: We Can’t Just Blame China
Ranking
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- See Inside Millie Bobby Brown and Jake Bongiovi's Engagement Party
- Jill Duggar Shares Her Biggest Regrets and More Duggar Family Secrets Series Bombshells
- Religion Emerges as an Influential Force for Climate Action: It’s a Moral Issue
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- Jill Duggar and Derick Dillard Are Ready to “Use Our Voice” in Upcoming Memoir Counting the Cost
- Kim Kardashian Teases Potential New Romance With Fred in Kardashians Teaser
- Disaster Displacement Driving Millions into Exile
Recommendation
Bill Belichick's salary at North Carolina: School releases football coach's contract details
Amtrak train in California partially derails after colliding with truck
Accepting Responsibility for a Role in Climate Change
Kendall Jenner Sizzles in Little Black Dress With Floral Pasties
New Zealand official reverses visa refusal for US conservative influencer Candace Owens
Solar Panel Tariff Threat: 8 Questions Homeowners Are Asking
American Climate Video: A Pastor Taught His Church to See a Blessing in the Devastation of Hurricane Michael
Lake Erie’s Toxic Green Slime is Getting Worse With Climate Change