On his second full day in office, Maryland Democratic Gov. Wes Moore rolled out his first budget plan for the next fiscal year, which includes $1 billion dedicated to education and transportation.Moore considers his first spending plan the most ambitious budget in recent history, saying it shows that the budget plan “can be bold without being reckless.” He said his plan does not raise taxes or fees.| FY24 BUDGET BOOKS: Highlights | Volume 1 | Volume 2Moore said his $61.2 billion budget is a bold reflection of his priorities — education, transportation and public safety — while also being fiscally responsible.”This budget really is a true reflection of not just the hope and the promise that we have for the state, but we believe truly this budget helps to solidify the fact that this is going to be Maryland’s decade,” Moore said.As he plans out the state’s fiscal year 2024 budget, he faces a surplus and a healthy Rainy Day Fund.But all that cash will be short-lived.The governor and Budget Secretary Helene Grady warned that going forward, Maryland may not be in as sound fiscal shape, saying the state’s economy has been stagnant for several years.| LINK: Maryland Operating Budget website”Maryland ranked 47th among states and (Washington), D.C., for overall economic momentum. We ranked 45th on personal income. We tied for 40th in terms of change of population. And, we ranked 43rd highest in the nation for highest unemployment rate,” Grady said.To try address the unemployment rate, the governor supports reviving the Red Line project and expanding mass transit in Baltimore.”You cannot have economic mobility if you don’t have physical mobility. So, we are making sure that we are creating pathways to go from where they live to where opportunities lie,” Moore said.| RELATED: Reviving Red Line among top transportation priorities of Session 2023The governor’s budget proposal includes funding to create a public service initiative for high schoolers, raises to help rebuild the state workforce and increasing the minimum wage to $15 an hour.”These investments that are taking place are going to be in the best interest of all Marylanders and for a long time,” Moore said.Leaders in the State House said the plan is in sync with their legislative agenda.”It was very collaborative, and, I thought, very much in line with the large, shared values that we have with the administration,” said Senate President Bill Ferguson, D-District 46.House Republicans issued a statement saying the budget surplus should be used for middle-class tax cuts.Raw video below: Gov. Moore dedicates $500M to Blueprint for Maryland’s FutureVideo below: Moore releases $69M for key programs on first full day in office (Jan. 19, 2023)Video below: Hogan outlines budget recommendations for Moore administration (Dec. 15, 2022)Video below: Moore promises transparent administration reflective of Maryland (Nov. 9, 2022)
On his second full day in office, Maryland Democratic Gov. Wes Moore rolled out his first budget plan for the next fiscal year, which includes $1 billion dedicated to education and transportation.
Moore considers his first spending plan the most ambitious budget in recent history, saying it shows that the budget plan “can be bold without being reckless.” He said his plan does not raise taxes or fees.
| FY24 BUDGET BOOKS: Highlights | Volume 1 | Volume 2
Moore said his $61.2 billion budget is a bold reflection of his priorities — education, transportation and public safety — while also being fiscally responsible.
“This budget really is a true reflection of not just the hope and the promise that we have for the state, but we believe truly this budget helps to solidify the fact that this is going to be Maryland’s decade,” Moore said.
As he plans out the state’s fiscal year 2024 budget, he faces a surplus and a healthy Rainy Day Fund.
But all that cash will be short-lived.
The governor and Budget Secretary Helene Grady warned that going forward, Maryland may not be in as sound fiscal shape, saying the state’s economy has been stagnant for several years.
| LINK: Maryland Operating Budget website
“Maryland ranked 47th among states and (Washington), D.C., for overall economic momentum. We ranked 45th on personal income. We tied for 40th in terms of change of population. And, we ranked 43rd highest in the nation for highest unemployment rate,” Grady said.
To try address the unemployment rate, the governor supports reviving the Red Line project and expanding mass transit in Baltimore.
“You cannot have economic mobility if you don’t have physical mobility. So, we are making sure that we are creating pathways to go from where they live to where opportunities lie,” Moore said.
| RELATED: Reviving Red Line among top transportation priorities of Session 2023
The governor’s budget proposal includes funding to create a public service initiative for high schoolers, raises to help rebuild the state workforce and increasing the minimum wage to $15 an hour.
“These investments that are taking place are going to be in the best interest of all Marylanders and for a long time,” Moore said.
Leaders in the State House said the plan is in sync with their legislative agenda.
“It was very collaborative, and, I thought, very much in line with the large, shared values that we have with the administration,” said Senate President Bill Ferguson, D-District 46.
House Republicans issued a statement saying the budget surplus should be used for middle-class tax cuts.
Raw video below: Gov. Moore dedicates $500M to Blueprint for Maryland’s Future
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Video below: Moore releases $69M for key programs on first full day in office (Jan. 19, 2023)
Video below: Hogan outlines budget recommendations for Moore administration (Dec. 15, 2022)
Video below: Moore promises transparent administration reflective of Maryland (Nov. 9, 2022)
