Current:Home > StocksMaryland governor proposing budget cuts to address future shortfalls -Infinite Edge Learning
Maryland governor proposing budget cuts to address future shortfalls
View
Date:2025-04-15 18:54:40
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! (94264)
Related
- Trump wants to turn the clock on daylight saving time
- Twins a bit nauseous after season of wild streaks hits new low: 'This is next-level stuff'
- More endangered Florida panthers have died in 2024 so far than all of last year: These roadkills are heartbreaking
- As Trump Media reported net loss of more than $320 million, share prices fell 13%
- Rylee Arnold Shares a Long
- Nestlé to debut Vital Pursuit healthy food brand for Ozempic, Wegovy medication users
- Mad Max 'Furiosa' review: New prequel is a snazzy action movie, but no 'Fury Road'
- At least 40 villagers shot dead in latest violence in Nigeria’s conflict-hit north
- Biden administration makes final diplomatic push for stability across a turbulent Mideast
- How 2 debunked accounts of sexual violence on Oct. 7 fueled a global dispute over Israel-Hamas war
Ranking
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- Judge dismisses felony convictions of 5 retired military officers in US Navy bribery case
- Maker of popular weedkiller amplifies fight against cancer-related lawsuits
- Ravens coach John Harbaugh sounds off about social media: `It’s a death spiral’
- Meta releases AI model to enhance Metaverse experience
- Thailand welcomes home trafficked 1,000-year-old statues returned by New York’s Metropolitan Museum
- A Minnesota city will rewrite an anti-crime law seen as harming mentally ill residents
- Twins a bit nauseous after season of wild streaks hits new low: 'This is next-level stuff'
Recommendation
Senate begins final push to expand Social Security benefits for millions of people
Tennessee's only woman on death row featured in 'Mean Girl Murders.' Here's what to know.
Sebastian Stan and Annabelle Wallis Make Marvelously Rare Red Carpet Appearance
Severe turbulence on Singapore Airlines flight 321 from London leaves 1 dead, others injured, airline says
South Korean president's party divided over defiant martial law speech
Biden administration canceling student loans for another 160,000 borrowers
Adele, Jay-Z, Dr. Dre, Fleetwood Mac: Latest artists on Apple Music's 100 Best Albums
Confederate monument to ‘faithful slaves’ must be removed, North Carolina residents’ lawsuit says