ANNAPOLIS, Md. (WBFF) — Lawmakers are ending the year with a new budget deficit projection that’s grown since the last update and now, legislative leaders and Gov. Wes Moore are forced to figure out how to handle the problem.
The Spending Affordability Committee, SAC, told a group of lawmakers from both the House and Senate Tuesday that Maryland’s budget deficit for fiscal year 2026 is projected to be $2.9 billion. If nothing changes, state budget leaders said current revenues would only cover 83% of the state’s expenditures.
Republican members from the House and Senate voiced their concerns over increased government spending and budget shortfalls.
“We are in a worse situation now than we were during even the great recession. And if you look at why, the Spending Affordability Act was created back in 1982, and it very clearly says here that the committee’s purpose is to limit the rate of growth of state spending to a level that does not exceed the rate of growth of the state’s economy. It doesn’t talk about balancing the budget, it talks about your spending growth being in proportion to the growth of the economy,” Del. Jefferson Ghrist said.
Senate Minority Leader Justin Ready called the state’s budget deficit “an entirely self-inflicted wound,” arguing the solution is restraining the growth of spending and adopting “common sense budgeting practices.”
Spend Moore is buying votes for his reelection with taxpayer money.
It is sad the Governor Hogan endorsed this POS!
The POS governor Les Moore will fix it by raising taxes,,,,,,,,,,,,,,,how else? It’s all he knows how to do.
They don’t have a clue how to fix anything, they are only capable of taxing and spending even more and going further and further in debt.
The only and best way to fix it is to get rid of Les Moore, the taxmiester.