Current:Home > ScamsMaryland governor proposing budget cuts to address future shortfalls -Momentum Wealth Path
Maryland governor proposing budget cuts to address future shortfalls
View
Date:2025-04-18 17:53:27
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! (1)
Related
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- Transcript: National Security Adviser Jake Sullivan on Face the Nation, July 16, 2023
- 7.2-magnitude earthquake recorded in Alaska, triggering brief tsunami warning
- Warming Trends: New Rules for California Waste, Declining Koala Bears and Designs Meant to Help the Planet
- Travis Hunter, the 2
- As Oil Demand Rebounds, Nations Will Need to Make Big Changes to Meet Paris Goals, Report Says
- Get a $64 Lululemon Tank for $19 and More Great Buys Starting at Just $9
- Florida ocean temperatures peak to almost 100 degrees amid heatwave: You really can't cool off
- Dick Vitale announces he is cancer free: 'Santa Claus came early'
- US Blocks Illegal Imports of Climate Damaging Refrigerants With New Rules
Ranking
- Biden administration makes final diplomatic push for stability across a turbulent Mideast
- Compare the election-fraud claims Fox News aired with what its stars knew
- Air India orders a record 470 Boeing and Airbus aircrafts
- This week on Sunday Morning (July 16)
- Don't let hackers fool you with a 'scam
- Soft Corals Are Dying Around Jeju Island, a Biosphere Reserve That’s Home to a South Korean Navy Base
- A power outage at a JFK Airport terminal disrupts flights
- Without ‘Transformative Adaptation’ Climate Change May Threaten the Survival of Millions of Small Scale Farmers
Recommendation
$73.5M beach replenishment project starts in January at Jersey Shore
Billy Baldwin says Gilgo Beach murders suspect was his high school classmate: Mind-boggling
Recession, retail, retaliation
Tesla recalls nearly 363,000 cars with 'Full Self-Driving' to fix flaws in behavior
Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
The 'wackadoodle' foundation of Fox News' election-fraud claims
Health concerns grow in East Palestine, Ohio, after train derailment
Airbus Hopes to Be Flying Hydrogen-Powered Jetliners With Zero Carbon Emissions by 2035
Like
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Extreme Heat Risks May Be Widely Underestimated and Sometimes Left Out of Major Climate Reports
- Northwestern fires baseball coach amid misconduct allegations days after football coach dismissed over hazing scandal