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Maryland's $3.3B Deficit: Tax Hikes and Spending Cuts Ahead

4/7/2025

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Summary

Story summary

Maryland lawmakers, spearheaded by Gov. Wes Moore, are tackling a staggering $3.3 billion deficit with a bold plan: $1.6 billion in tax and fee hikes and $2 billion in spending cuts. Amid Republican pushback on state expenditures, the budget introduces new taxes for high-income earners and IT services, while also prioritizing funding for abortion services and criminal record expungement.

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Story summary

Maryland lawmakers, spearheaded by Gov. Wes Moore, are tackling a staggering $3.3 billion deficit with a bold plan: $1.6 billion in tax and fee hikes and $2 billion in spending cuts. Amid Republican pushback on state expenditures, the budget introduces new taxes for high-income earners and IT services, while also prioritizing funding for abortion services and criminal record expungement.