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.”
Voters had the opportunity – but they elected Spend Moore and his cronies!
Sad that the RINO Hogan endorsed this cretin!
The answer is easy. We have Democrats in control
Since they won’t cut their spending or entitlements, there will be massive massive tax increases.
Increases in fees and services. New fees to things that used to be free.
New agencies to make sure these new taxes and fees are enforced and like some other blue states, a massive
exit tax if you decide to leave!
Good luck taxing me when I leave.
By raising taxes again!! Of course!!!! How else? That’s all that Les Moore knows.
Don’t expect my tax to be part of the theft..I’m outta here.will never retire in this state..stealing taxes , misuse of expendentures,broken eduction system F NO!!