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Maryland governor outlines plan to close $3 billion gap with tax reform, port and education investments
Summary
At a joint session in Annapolis, the governor described a $3 billion budget shortfall and proposed tax changes, major port and transportation investments, a $550 million K-12 increase and measures to expand expungement eligibility.
At a joint session of the General Assembly in Annapolis, the governor said Maryland faces a roughly $3 billion budget gap and urged a mix of tax reform, targeted investments and program changes to close it without raising sales or property taxes.
The governor opened by asking lawmakers to “confront this moment” after recent federal policy shifts and an aerial collision over the Potomac, and praised first responders who aided victims. He said a new freeze on federal grants and uncertainty in Washington contributed to the state’s fiscal challenge.
"We must close this $3,000,000,000 budget gap," the governor said. "We only have difficult decisions ahead." He described a budget proposal that he said includes more than $750,000,000 for economic competitiveness and workforce development and more than $21,000,000,000 for transportation projects.
Why it matters: the governor framed the package as balancing fiscal restraint with investments intended to grow jobs and…
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