Maryland Governor Wes Moore Calls for Economic Reckoning and Fiscal Discipline

Maryland Governor Wes Moore warns state and county officials of upcoming hard fiscal decisions in the next state budget, emphasizing the need for discipline and collaboration. The state is facing structural budget deficits projected to exceed $1 billion by 2028, with most of the annual budget already pre-set by prior mandates. Moore argues that these economic troubles have been projected for years and highlights the expiration of federal pandemic funding as a contributing factor. Despite the challenges, Moore believes that by addressing broader economic conditions and leveraging the state's resources, Maryland can improve its revenue condition and strengthen its economy.