In a Baltimore Sun guest commentary, Governor Moore outlined the ideas and goals behind his budget proposal, released Wednesday, stating that residents will not see a rise in the sales tax or property tax. He adds that through reforms in the tax code, nearly two-thirds of Marylanders will get a tax cut, and the lower corporate tax rate and focus on making Maryland more competitive and business-friendly. Additionally, his plan calls for cuts in spending by $2 billion. “Economic growth is our North Star. Anyone who suggests we can just cut our way to prosperity isn’t being honest. Anyone who suggests we can just tax our way to prosperity isn’t being honest either. The key to long-term success is consistent and robust economic growth,” added Governor Moore.
Session 2025: The Maryland Chamber stands ready to work with the administration and General Assembly to ensure a final proposal balances fiscal responsibility with sustainable economic growth. Read our full statement on Governor Moore’s FY2026 budget proposal.
