Maryland Governor Wes Moore Unveils $63.1 Billion Budget Plan

Annapolis, MD – Governor Wes Moore has introduced a $63.1 billion state budget plan for Maryland that aims to address critical issues such as public safety, affordable housing, and child care—all while closing a deficit without raising taxes. The budget proposal, released Wednesday, reflects Moore’s commitment to balancing fiscal responsibility with progressive initiatives designed to support Maryland residents.

Closing the Deficit Without Tax Hikes

Maryland faces a projected $761 million budget shortfall for the upcoming fiscal year, but Moore’s budget closes the gap through a mix of spending reductions, fund transfers, and revenue adjustments. His administration avoided broad tax increases, instead opting for more strategic financial management to maintain essential state services and investments.

“This budget is about making smart choices that protect Marylanders while keeping our state on strong financial footing,” Moore said in a statement. “We are proving that we can invest in our future without placing additional burdens on working families.”

Governor Moore’s budget also includes investments in education, transportation, and workforce development, ensuring that Maryland remains competitive in attracting businesses and jobs. The plan also maintains funding for environmental initiatives, particularly aimed at Chesapeake Bay restoration efforts and clean energy projects.

The proposal will now go before the Maryland General Assembly, where lawmakers will review, debate, and potentially make adjustments before final approval. With a focus on fiscal discipline and targeted investments, Moore’s budget sets the stage for economic growth while addressing the needs of Maryland’s most vulnerable communities.

What’s Next?

As the legislative session continues, Moore will work with state lawmakers to finalize budget details. While some Republican leaders have raised concerns about long-term sustainability, Democratic lawmakers have largely supported the Governor’s approach.

With no new taxes and a strong commitment to public welfare, Moore’s budget signals a path forward that could shape Maryland’s economic and social landscape for years to come.