Baltimore, MD - Dec. 22, 2024 - Maryland is predicting a nearly $3 billion dollar budget shortfall for budget year 2026.

Governor Larry Hogan left office with a $5 billion dollar budget surplus.

"It would be a mistake for the legislature to use its newly expanded budgetary power to return to the old habits of raiding the rainy day fund or recklessly spending down the surplus," he said.

Hogan hoped the state's $3 billion-dollar rainy day fund and $2.5 billion-dollar structural surplus wouldn't go to waste.... Read More: FOX45