Former Governor Larry Hogan released the following statement. “Today is a sad and unfortunate day for Maryland that was entirely avoidable. The tax hikes proposed would cripple Maryland’s economy and already struggling Marylanders. They are the exact opposite of the approach we took for eight years to cut taxes and create a record surplus. I am calling on Governor Moore to take a stand: it’s time to reverse course and return to fiscal sanity.” As of March 20th, 2025, the Senate has yet to sign off on the transportation related proposals, however, both the House and the Senate have agreed to a roughly $400 million package for transportation. The two chambers differ on the specifics of reaching that number, but are expected to come to an agreement before the session ends on April 7, 2025. The House could have the budget on the floor for a preliminary vote early next week. Governor Wes Moore Press Release: Wes Moore, Senate President Bill Ferguson, House Speaker Adrienne A. Jones, and the Maryland General Assembly’s budget leadership announced an agreement on the framework for the final FY 2026 budget. The framework eliminates the $3.3 billion structural deficit and creates a positive cash balance—marking […]
The post Governor Wes Moore Announce Agreement on Final Budget Framework Which Proposes Massive Tax Hikes for Maryland appeared first on Southern Maryland News Net.
Source: https://smnewsnet.comNew feed
Be First to Comment