What They Are Saying: Governor Wes Moore Announces Moore …
1 day ago · The proposal accomplishes these goals without raising the sales or property tax, and provides a tax cut to nearly two-thirds of Marylanders. The Governor’s FY 2026 budget proposal reduces the structural deficit by $2.25 billion for FY 2026, maintains a Rainy Day Fund balance of 8.0%, and flips the projected cash shortfall of $2.95 billion to ...
66% of Marylanders would see tax cuts under Gov. Moore's
3 days ago · BALTIMORE -- Gov. Wes Moore said his FY2026 budget will bring major tax cuts to 66% of Marylanders while increasing tax rates for the state's highest earners. The plan, part of a broader budget ...
Gov. Wes Moore reveals plan for budget cuts, tax changes in …
Maryland Gov. Wes Moore (D) on Wednesday revealed his plan to balance the state budget in the face of a $3 billion deficit, detailing wide-reaching cuts that would affect some vulnerable ...
Gov. Moore proposes tax cuts for some, hikes for others - WMAR …
3 days ago · Governor Wes Moore announced new details on his tax plan for the 2026 fiscal year. "We're going to introduce a new package that for two thirds of all Marylanders, they're about to get a tax cut," said Governor Moore to a group of reporters. The plan will actually cut taxes for some while others are asked to pay more.
Maryland Gov. Moore includes income tax increases for wealthy …
2 days ago · Maryland Gov. Wes Moore has included higher income tax rates for taxpayers who make more than $500,000 in his budget plan, as well as about $2 billion in budget cuts to address a $3 billion deficit. ... Moore said nearly two-thirds of state residents would receive a tax cut, with relief targeted to low- and middle-income Marylanders, and 82% ...
Gov. Wes Moore announces $2B in cuts, tax hikes as Maryland …
2 days ago · The state of Maryland is facing a $3 billion budget shortfall. Gov. Wes Moore has announced significant budget cuts and has said he will hike taxes on the wealthiest residents to increase revenue. By law, Maryland must have a balanced budget and the General Assembly has until April 7 to pass this ...
Governor's budget proposal to include tax cuts and 'growth …
4 days ago · Gov. Wes Moore (D) said Tuesday he will avoid tax increases and massive budget cuts and instead focus on growing the state’s economy to solve the worst budget problem in more than two decades. Moore spent much of the day teasing the release Wednesday of his fiscal 2026 budget proposal, which he is billing as a solution to the state’s budget ...
Gov. Wes Moore's Maryland tax plan and more, by the numbers
1 day ago · According to Moore, the brunt of the tax increases will be shouldered by Marylanders with a household income north of $700,000 a year. In 2023, more than 18% of Maryland households were estimated ...
Gov. Wes Moore is about to pitch tax cuts and increases for the …
3 days ago · Maryland’s wealthiest earners would pay more in state taxes, while corporations and other workers would get a tax cut under a budget plan Gov. Wes Moore will introduce Wednesday — marking the ...
Gov. Wes Moore’s budget: Tax overhaul includes cuts and …
3 days ago · BALTIMORE — An overhaul of Maryland’s personal income taxes would give two-thirds of filers an average tax cut of about $173 while raising hundreds of millions of dollars more from those making more than $500,000 under a budget plan proposed Wednesday by Gov. Wes Moore. The shift is aimed at filling a massive state budget deficit and making higher earners pay a closer portion of their ...
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