Senate leaders Friday said Maryland’s fiscal 2025 budget will continue to protect key priorities without the need for tax increases. The Senate Budget and Taxation Committee finished work on a $63.1 billion budget proposed earlier this year by Governor Moore. The revised spending plan is expected to be before the Senate with a final vote next week. The proposal also includes an initial $90 million downpayment on the Climate Solutions Now Act of 2022, with funding coming from Maryland’s Strategic Energy Investment Fund — which is typically used to provide grants for clean energy projects.
Why it matters: Taxes are not the solution to Maryland’s fiscal woes, and we encourage lawmakers now and in the future to find alternatives to generating revenue or making spending cuts before placing our state’s businesses, families and communities in jeopardy.
