US EditionMoore’s 4th Budget Uses Cuts, Fund Shifts to Close $1.5 Billion Budget Gap
Governor Moore aims to close a $1.4 billion deficit with $1.8 billion in cuts and fund shifts while maintaining an 8% Rainy Day Fund and investing in key public sectors.
- On Tuesday, Gov. Wes Moore unveiled a proposed FY 2027 budget to close a $414 million shortfall with $1.8 billion in cuts, shifts, and transfers.
- The administration said it will avoid raising taxes or fees while maintaining an 8% Rainy Day Fund and a $100 million minimum cash balance.
- Investments aimed at economic competitiveness include IonQ headquarters and Sphere at National Harbor and AstraZeneca expansions, creating 2,500 construction and 4,750 operational jobs with $1 billion annual impact.
- Local jurisdictions face a 50% share of retirement costs for teachers, librarians and community college workers, while lawmakers negotiate changes that could shift numbers on Wednesday.
- Critics argued the proposal relies on moving funds around, with roughly $900 million in cuts, including $150 million to the Developmental Disabilities Administration, and warned spending still outpaces revenues.
16 Articles
16 Articles
Inside Climate News
Moore Boasts of Record Climate Spending in Maryland Budget as Advocates Denounce Raids on Energy Investment Fund
While the fiscal 2027 budget boosts spending on renewables and efficiency, environmental groups warn that repeated use of the state’s clean‑energy fund for general budget relief risks derailing climate goals.By Aman AzharMaryland Gov. Wes Moore has proposed a record $306 million for renewable and clean energy programs in the fiscal 2027 budget, but advocates are alarmed that he plans to raid a clean-energy fund to help plug general-fund gaps.
Gov. Wes Moore announces his proposed fiscal year 2027 budget
Maryland Gov. Wes Moore (D) unveiled his $70.8 billion fiscal year (FY) 2027 budget on Jan. 21, focusing on protecting residents, lowering costs and boosting economic competitiveness. The plan balances priorities with no new taxes and $900 million in cost-saving measures.
Moore’s fourth budget uses cuts, fund shifts to close $1.5 billion budget gap
Gov. Wes Moore (D) told reporters the state will be forced "to do more with less" but will protect core priorities. (Photo Bryan P. Sears/Maryland Matters)Gov. Wes Moore (D) unveiled a $70.8 billion fiscal 2027 budget proposal Wednesday that he said increases funds for education, housing and police initiatives, while closing a $1.5 billion budget gap without increased taxes or fees. The budget, the last of Moore’s curent term, comes as the state…
Maryland Gov. Moore’s $71 billion budget eliminates the deficit, but could shift financial burden to local jurisdictions
BALTIMORE — Gov. Wes Moore released a $70.8 billion budget proposal on Wednesday for fiscal year 2027 that makes nearly $1.8 billion in program cuts and fund transfers to eliminate a projected $1.4 billion shortfall, in part by reducing cost-sharing…
Coverage Details
Bias Distribution
- 50% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
