Maryland families and businesses face mounting affordability pressures from higher taxes and fees, rising electricity costs and limited housing supply, while the state’s fiscal 2027 budget approaches $71 billion. Maryland ranks 46th nationally for overall tax competitiveness and 47th for individual income taxes, raising concerns about its ability to attract businesses, investment and residents.
The fix: Improving affordability will require a focus on reducing taxes and regulatory barriers, expanding housing supply, increasing reliable energy generation and exercising greater discipline in spending.
