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.”
They better be very careful raising taxes.
How much did it cost the state for Gov. Moore making the 24th a holiday? Essential employees still had to work and received holiday pay along with what was probably overtime hours.
More than that 8:34 – the buffoon blew all the surplus from the previous administration and this is why we landed in the situation we are in.
Say what you want about Hogan, but the guy held a reserve because he knew SOMETHING would come up, and that he was at least thinking ahead. Maybe somebody should ask Moore point blank at one of his next engagements why he blew the rainy day fund without planning ahead.
he spent $200,000 recently to fight the incoming Trump admin. Fire that fool! keep him away from my money! He is a piece of crap that should be floating in someones toilet.
Vote with feet is your best option. No relief for retirees and another its for the kids lie!!..They keep trying to prop up a failed education tax sucking waste pit!! Stop pandering to NON CITIZENS and we would have the money WE ALREADY PAID IN TAXES..bridge tolls, legal pot , county, city state, EVERTHING WE BUY IS TAXED..
BETTER SEE CUTS and bigs cuts..NO NEW TAXES in fact some should be eliminated!!!
good question 8:34!
wait until trump moves all those federal employees out of dc. Maryland suburbs will take a hit over loss of that income tax revenue! property values will drop along with property tax revenue! double whammy, but don’t worry the DemonicRats will still rule maryland!
According to WBFF 45, Governor Moore is raising fees across the board for Vehicle registrations. They are going to double again as well as raising fees on tolls. That is just the start before the next legislative session concerning what taxes to raise again. You won’t hear this on WBOC or WMDT. All Delaware all the time and F the residents of the eastern shore of Maryland and Virginia! The property tax rate will also go up and services will be cut to the counties! I guess this will put pressure on the counties to raise the property tax rate! You can count on it!
Oh and Cigarette taxes will increase once again. Easy tax to raise!
Worst governor Maryland has ever had!!!