Gov. Wes Moore emphasizes urgent need for budget discipline and economic growth in Maryland

Maryland Governor Wes Moore warned local leaders at a conference that the state is entering a challenging period, with potential budget shortfalls looming. Despite applause from the audience, Moore highlighted that Maryland's economy is lagging behind other states and the nation as a whole. He emphasized the need for a balanced approach, data-driven decision-making, and prioritizing spending to stimulate long-term economic growth. The governor did not provide specific plans for addressing the worsening financial situation but stressed the importance of discipline and hiring a chief performance officer to monitor progress. A report from legislative analysts projected a deficit of hundreds of millions of dollars in the near future, which could grow to $1.8 billion by 2028 if no action is taken. The state's financial outlook will become clearer next month when the Office of the Comptroller issues a report estimating future government revenue.