Maryland Gov. Wes Moore introduced his $67.3 billion operating budget proposal for 2026 that he said is based on growing the economy — and includes tax changes.

WBAL-TV

Baltimore

Maryland

United States

FY2026 $27.3B state budget plan includes tax changes

Moore has said the state will face difficult choices in handling its worst financial crisis in 20 years, leading to shortfalls that could reach nearly $6 billion by 2030. Source

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The Washington Post

Jeff Bezos

Gov. Wes Moore reveals plan for budget cuts, tax changes in Maryland – INTELLI.NEWS

Hearst Communications

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 total income compared to lower earners — and it will coincide with $2 bil…

The Baltimore Sun

Sinclair Broadcast Group

Moore’s budget: Tax overhaul includes cuts and increases for Marylanders

Maryland Gov. Wes Moore introduced his $67.3 billion operating budget proposal for 2026 that he said is based on growing the economy to provide a path to work, wages and wealth. Moore said the states faces a fiscal crisis nearly a decade in the making based on increased spending amid a downturn in the economy. “With this budget, all will get done (to) build an economy that grows the middle-class and gives everyone a pathway to work, wage and wea…

WBAL

Maryland governor's FY2026 $27.3B budget plan hinges on spending cuts, tax changes

Gov. Wes Moore is proposing an income tax hike on the wealthiest 18% of Marylanders — while offering modest tax relief to others — as part of his plans to close a nearly $3 billion gap in the state’s budget.

The Baltimore Banner

Moore’s budget plan will tax high earners to close deficit

TO CLOSE BUDGET GAP, MOORE PROPOSES TAKE HIKE FOR STATE’s WEALTHIEST: Gov. Wes Moore (D) on Tuesday announced a plan to raise income tax rates for the state’s wealthiest residents, money that would help close a looming $3 billion budget deficit and fund public taxpayer investment in private industries meant to strengthen the state’s economy. Katie Shepherd, Katie Mettler and Erin Cox/The Washington Post. 
Moore said his budget proposal would inc…

MarylandReporter.com

State Roundup: Moore proposes income tax hike for state's wealthiest to help fill budget gap; 7 Republican delegates form House Freedom Caucus

Maryland Gov. Wes Moore (D) today released a budget plan The state faces a $3 billion deficit Included in his budget plan is a tax hike on the state’s sports betting and table game tax rates Another state is taking a look at potentially hiking its sports betting tax rate. Maryland Gov. Wes Moore (D) today released a budget plan that addressed the state’s $3 billion deficit. Moore explained a plan to reduce government spending by $2 billion and p…

Sports Betting Dime

Maryland Governor Proposes Sports Betting Tax Increase

Gov. Wes Moore (D), speaking to reporters during the opening day of the 2025 session, promised his forthcoming budget will cut taxes, cure a $3 billion budget deficit and spur economic growth. (File photo by Bryan P. Sears / Maryland Matters)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 mu…

Maryland Matters

Takoma Park

Montgomery County

Governor's budget proposal to include tax cuts and 'growth agenda' spending - Maryland Matters

ANNAPOLIS, Md. — Governor Wes Moore today released the Moore-Miller administration’s FY 2026 budget proposal. The $67.3 billion plan is driven by four principles: growing our economy, strengthening Maryland’s labor force, modernizing government, and fixing what’s broken in our tax system. The proposal accomplishes these goals without raising the sales or property tax, and provides a tax cut to nearly two-thirds of Marylanders.“We are guided by a…

thebaynet.com

Governor Moore Unveils FY 2026 Budget Proposal, Emphasizes Economic Growth And Tax Reform - The BayNet

Governor Wes Moore today released the Moore-Miller administration’s FY 2026 budget proposal. With this $67.3 billion plan, Governor Moore emphasized a commitment to building an economy that strengthens the middle class and creates pathways to work, fair wages, and wealth for all. While acknowledging that his administration did not cause the current fiscal crisis, he vowed to address it through a balanced approach. His proposal focuses on strateg…

FY2026 $27.3B state budget plan includes tax changes

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