Gov. Wes Moore reveals plan for budget cuts, tax changes in Maryland
Moore has said the state will face difficult choices in handling its worst financial crisis in 20 years, leading to shortfalls that could reach nearly $6 billion by 2030.
Maryland Gov. Moore includes income tax increases for wealthy residents to help address $3B deficit
Maryland Gov. Wes Moore released a budget plan Wednesday that includes higher income tax rates for taxpayers who make more than $500,000, as well as about $2 billion in spending reductions throughout state government to address a $3 billion deficit.
Governor Moore's proposed 2026 budget will bring tax cuts to 82% of Marylanders
In an interview with WJZ, Governor Wes Moore said his FY2026 budget will bring major tax cuts to 82% of Marylanders, while increasing tax rates for the state's highest earners.
Moore announces tax increases for the wealthy to close budget gap
Moore has also pledged making $2 billion in cuts to help close a $3 billion budget gap, targeting some spending on climate initiatives and government inefficiency.
Moore's budget: Tax overhaul includes cuts and increases for Marylanders
An overhaul of Maryland's personal income taxes would give two-thirds of filers an average tax cut of about $173 while raising hundreds of millions of dollars more from those making more than $500,000 under a budget plan proposed Wednesday by Gov.
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