Gov. Wes Moore (D) will ask the Board of Public Works to adopt nearly $150 million in cuts to the state’s current budget of $63 billion.
Administration officials said Wednesday that higher-than-anticipated Medicaid enrollment and continued growth in a state-subsidized child care program, coupled with a stagnant economy and a flat revenue outlook, were key drivers of the proposed reductions. They said the cuts, announced just 10 days into fiscal 2025, are needed to be proactive and make early spending adjustments.
The plan was unveiled in an online post Wednesday. Moore, who is at the Sun Valley Conference in Idaho this week — an event sometimes called “billionaires’ summer camp” — touted the plan in a Baltimore Sun op-ed Wednesday as a tough, fiscally responsible decision.
“This morning, my administration submitted a plan to make targeted and strategic spending cuts and grow our economy while simultaneously protecting the programs and projects that Marylanders care about most,” Moore wrote in the piece. “We’ve taken a disciplined, data-driven approach that prioritizes investment in areas that connect Marylanders with employment and build new pathways to work, wages, and wealth for all.”
Click here to read the rest of the article written by Bryan Sears over at Maryland Matters
