After warning for months that Maryland needed to rein in its costs and boost its economy, Governor Moore on Wednesday released a $63.1 billion budget proposal that aims to do that without raising taxes. His budget significantly trims spending on transportation, among many other cuts, while plowing hundreds of millions of dollars into his administration’s priorities. The budget proposal is subject to General Assembly approval and is 2 percent smaller than the current fiscal year — which was swollen by the last of federal pandemic aid. State lawmakers are concerned about the proposal’s call for undisclosed fee increases.
Moore and the economy: Among his spending priorities to boost the economy, Governor Moore proposed another $100 million to build a new FBI headquarters, money to bolster a new technology hub in Baltimore and incentives to increase affordable housing.
