Jan 15, 2025 · The $67.3 billion plan is driven by four principles: growing our economy, strengthening Maryland’s labor force, modernizing government, and fixing what’s broken in our tax system. The proposal accomplishes these goals without raising the sales or property tax, and provides a tax cut to nearly two-thirds of Marylanders.

Jan 17, 2025 · BALTIMORE -- Gov. Wes Moore said his FY2026 budget will bring major tax cuts to 66% of Marylanders while increasing tax rates for the state's highest earners. The plan, part of a broader budget...

Jan 16, 2025 · By Emma Tufo and Jack Bowman. ANNAPOLIS – Gov. Wes Moore proposed a budget Wednesday that would raise income taxes for Maryland’s highest earners and advance a broader plan he calls his “growth agenda” for the state. Administration officials say that Moore’s budget plan is balanced and over time would reduce the state’s structural $3 billion deficit, in …

Jan 15, 2025 · Maryland Gov. Wes Moore has included higher income tax rates for taxpayers who make more than $500,000 in his budget plan, as well as about $2 billion in budget cuts to address a $3 billion deficit.

Jan 16, 2025 · Gov. Wes Moore has announced significant budget cuts and has said he will hike taxes on the wealthiest residents to increase revenue. By law, Maryland must have a balanced budget and the...

Jan 15, 2025 · Maryland Gov. Wes Moore (D) on Wednesday revealed his plan to balance the state budget in the face of a $3 billion deficit, detailing wide-reaching cuts that would affect some vulnerable ...

Jan 15, 2025 · Gov. Wes Moore (D) said Tuesday he will avoid tax increases and massive budget cuts and instead focus on growing the state's economy to solve the worst budget problem in more than two...

Jan 15, 2025 · The governor said his budget proposal includes income tax cuts such that 82% of taxpayers could see a tax cut or no change in tax obligations. Low-income households could see a $300 tax...

Jan 16, 2025 · Governor Moore pointed out he does not believe you can cut or tax your way out of a fiscal crisis. His budget proposes a combination of both to set Maryland on what he believes to be the...

Jan 14, 2025 · COLLEGE PARK, Md. — Governor Wes Moore announced new details on his tax plan for the 2026 fiscal year. "We're going to introduce a new package that for two thirds of all Marylanders, they're about to get a tax cut," said Governor Moore to a group of reporters.