Maryland’s wealthiest earners would pay more in state taxes, while corporations and other workers would get a tax cut under a budget plan Gov. Wes Moore will introduce Wednesday — marking the first time the Democrat has thrown his political weight behind policies that could directly impact most Marylanders’ pocketbooks.

Moore has said the state will face difficult choices in handling its worst financial crisis in 20 years, leading to shortfalls that could reach nearly $6 billion by 2030.

Maryland Gov. Wes Moore's proposed 2026 budget would cut $111 million in state funding from the University System of Maryland, according to The Banner.

An overhaul of Maryland’s personal income taxes would give two-thirds of filers an average tax cut of about $173 while raising hundreds of millions of dollars more from those making more than

Maryland is facing a budget crisis and Gov. Wes Moore has said the state is going to have to slash spending and increase revenue to fix it.

Moore talked about his proposed 2026 budget, how the state plans to trim its $2.7 billion deficit, and major tax cuts during a one-on-one interview with WJZ's.

Gov. Wes Moore Wednesday proposed a budget he said will promote long-term economic growth and provide tax cuts to many, but it will be balanced on tax increases on high-income earners in the state.

Governor Wes Moore says two-thirds of the people of Maryland, or 82%, will be getting a tax cut soon. Moore joins “CUOMO” to discuss his balanced Maryland budget and says “this is the moment when Maryland can actually grow economically” while helping working families.

Moore said the brunt of the tax increases will be shouldered by Marylanders with a household income north of $700,000 a year. In 2023, more than 18% of Maryland households were estimated to earn $200,